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Calculation needed for trading currency pairs on FOREX

  1. #1
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    Post Calculation needed for trading currency pairs on FOREX

    I am going to trade 2 currency pairs: USD/CHF and CHF/JPY.
    I need to calculate how many lots of the second currency I need to balance my trade.
    USD/CHF is trading at: 0.97910 and CHF/JPY is trading at: 79.870
    If I take USD/CHF as one lot then how many lots I will need of the second currency pair to make close to even balance.
    Currencies move (fluctuate) in a certain range over period of time. To make my strategy complete I need to enter trading range. They have different trading ranges.
    USD/CHF is trading in a range: 0.95770 – 0.99830
    CHF/JPY is trading in a range: 78.150 – 83.800
    The trading range has to be added to the calculations to work out how many lots of the second currency I need for trading to make a balanced trade in possibly close to equal lots on both currency pairs.
    Is it possible to make these calculations in Excel?
    I hope that I have explained it clearly. If you need more clarifications please ask.
    Waiting for your help.
    John.

  2. #2
    Forum Expert Ace_XL's Avatar
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    Re: Calculation needed for trading currency pairs on FOREX

    Aren't you looking for a cross-currency rate? Perhaps the attached would help
    Attached Files Attached Files
    Life's a spreadsheet, Excel!
    Say thanks, Click *

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    Re: Calculation needed for trading currency pairs on FOREX

    No, I am not looking for a cross-currency rate.
    Thanks anyway Ace_XL

  4. #4
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    Re: Calculation needed for trading currency pairs on FOREX

    Does the above help resolving your query? Would be good to know if it does.

  5. #5
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    Re: Calculation needed for trading currency pairs on FOREX

    Do you mean the fx.xls file? No, I am sorry but it did not help to resolve my query.
    Best regards,
    John

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