Can anyone tell me what rate to use for the quote symbol rate, when calculating currency pairs?
I suggest USD based rates you need to lookup to convert a cross-pair
here it just says the current rate, however I don't know what a current rate is...
is it:Bid ask avg of bid and ask or something else ?
This website describes calculation really well, however, like most of the others I discovered, does not describe what exactly a current rate is...
http://forexwinners.ru/forex/calcula...alue-of-a-pip/