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Technology Stocks : SAP A.G.
SAP 236.95-0.4%12:40 PM EST
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To: Birdman who wrote (2026)8/4/1998 10:18:00 AM
From: ratan lal  Read Replies (2) of 3424
 
The last price I saw was at 15:52:18 German time. I presumed they also close at 16:00 like NYSE.

Rough rule of thumb: Delta of 22 DM = $1 increase/decrease in our ADR.

Thanks for the above rule of thumb. I was calculating the $ value every time from the current currency rates.

Do you use the cash exchange rate or futures exchange rate.

Based on your 22 BM = $ 1 I get a price of 56 1/2. I think that is wrong. Could you pleasde explain.
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