Playing around with currency exchange rates

[Helix]

@purplebike

The currency it is bought with means nothing

Yes, see the wiki entry:

The trading denomination is irrelevant for all assets (and hedging)

tl;dr: There is no important relationship between an asset (e.g. gold) and its denomination (e.g. CHF). Listen to reason Reason 1: The asset you hold If you buy 1 kg of gold, you hold… 1 kg of gold. It logically has the same value regardless of what currency (CHF, EUR, USD, etc.) you bought it with. Reason 2: Arbitrage Let’s say you could get more value by buying or selling your gold in one currency than another. For example: Asset Denomination Price Gold CHF 10 Gold EUR 20 CHF EU…