Exchange Rate Definitions

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Exchange Rate Definitions

Siddhant
Which convention do the DSE papers employ?

NER= Rs/$ or $/Rs? (Rs being the home currency) (Rs 50/$ or 0.02$/Rs?)

And, so is RER= NER(Pf/Pd) or NER(Pd/Pf)?
 For example, in DSE2012 Q57, using the first definition gives option a and using the third gives option c.
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Re: Exchange Rate Definitions

Dreyfus
It exclusively depends on question....for this u hv figure out using the information given in the question