I still will need a mathematical formula that can extract the value of each currency from the currency pairs.
Take these previously mentioned pairs as an example
eud/usd=a
usd/cad=b
eur/cad=c
Can we calculate the value of the eur and the cad and the usd at these a,b,c price levels?
Here the equations are rearranged:
eur=a*usd
usd=b*cad
eur=c*cad
Three unknowns and 3 equations. when i solve for any of eur or cad or usd, the result is nonsensical. So, is there another way to find usd, eur and cad?
Take these previously mentioned pairs as an example
eud/usd=a
usd/cad=b
eur/cad=c
Can we calculate the value of the eur and the cad and the usd at these a,b,c price levels?
Here the equations are rearranged:
eur=a*usd
usd=b*cad
eur=c*cad
Three unknowns and 3 equations. when i solve for any of eur or cad or usd, the result is nonsensical. So, is there another way to find usd, eur and cad?