My apologies for the title being vague due to length constraints.

What I'm asking is would the following two scenarios render a different result?

a) Having USD as the base currency and dividing the results of two currencies A and B to see the exchange rate of A to B

b) Having either A or B as the base currency and requesting

I think they would be different, but just want to make sure.


Yes it would be different from retail individual point of view. The rates are different and the hops would give different results.

However if you are interested in rates if A to B, then in second scenario you directly get the rate for A to B.

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