Currency Pairs |
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To perform the correct calculation on the Forex, the multiply/divide is defined in a currency pair recording. This needs to be configured once. It should be based on the combination of the pairs the Agiblocks system will be expected to calculate. For example, if the combination EUR-USD is added as a currency pair, the Agiblocks system will treat the buy or sell of EUR as point of departure and will multiply the EUR amount with the inserted rate to calculate the resulting amount in USD. Thus if USDs are bought or sold, the recorded rate will be used to divide the USD amount with the rate to calculate the EUR amount.
The Currency pairs tile is under the Risk tab of Configuration, which is under the Settings tab of the Home screen. The actual rates are filled in under Market Data, see the relevant section.
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