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Of the 6 currency pairs listed (majors), there are three that are easy to convert (GBP/USD, EUR/USD, and AUD/USD), while the others (USD/JPY, USD/CHF, and USD/CAD) require a bit more work.

GBP/USD, EUR/USD, and AUD/USD:

Go to www.cme.com and click
on "e-quivalents"

Make sure you use the middle section,
and choose the currency from the drop down menu.

Add the "Forward Points" to the futures bid/offer to find the forex equivalent.

Example (from today):
    EuroFX: -15 forward points (approx.)
    Futures bid: 1.2188

Forex equivalent = 1.2188 + (-.0015)
= 1.2173

 

 

 

USD/JPY, USD/CHF, and USD/CAD:

FIRST, you will need to calculate the inverse
of the futures quote (1/"futures quote").
For example: if CHF futures bid is .7893, inverse is 1/.7893 or 1.2669.

Then, go to www.cme.com and click
on "e-quivalents"

Make sure you use the middle section,
and choose the currency from the drop
down menu.

SECOND: Add the "Forward Points" to the inverted price.

Continuing the CHF example, if the Forward Points = 30 (approx), then forex equivalent = 1.2669 + (.0030) = 1.2699

 

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