05 Feb 1999
By newmedia newmedia
These diagrams have a lot to do with the euro, but nothing to do with triangulation. In recent days, the $/E rate has been around $1.1550, the reciprocal of which is about 0.866. Remember your high school trigonometry?
That figure is the cosine of 30 deg - that's Oa on the top drawing. Meanwhile, the recent E/# rate of E1.41 is uncannily close to the square root of 2, the length of the hypotenuse of the right-angled isosceles triangle (de). Is Pythagorus a forex dealer?
advertisement
Have similiar articles delivered to your email box
advertisement
Email Newsletters
Email Newsletters
Please enter your email below to receive your profile link
advertisement
Search by job title, salary, or location - we only list senior financial roles
The Financial Director Summit 2012 will provide a unique platform in which to share, compare and contrast experiences whilst learning and networking with peers
Our experts provide practical solutions to a number of challenges associated with successful cash management
David Cameron’s veto of the EU Treaty has been hailed as protecting UK business, but will frosty relationships with the EU harm trade, asks Neil Hodge...