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1 . If the quote for the AUD in the Interbank market was 0 . 6 5 6 0 / 0 . 6 5 6
If the quote for the AUD in the Interbank market was
a What type of quote is this Direct Indirect
b What is the size of the spread in points?
c Convert this to the other type of quote Direct or Indirect on the AUD in the interbank market.
d Convert this to a DIRECT quote on the USD.
e If I purchased USD worth of goods, what would it cost me in AUD? Assume I can use the interbank rates provided, though I will be charged a retail transaction fee of AUD.
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