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6*12 points As a foreign exchange trader at U.S. Bank, one of your Canadian customers would like a euro () quote on Canadian dollar (CAD).
6*12 points As a foreign exchange trader at U.S. Bank, one of your Canadian customers would like a euro () quote on Canadian dollar (CAD). Given the current market rates in the following table: a). What bid and ask e cross rates would you quote on spot CAD: S(e/CAD)? Rate Bid Ask CAD1.3980 CAD1.3090 $bid Sask) b). What is the bid-ask spread on euro CAD? S( /S) 0.9585 $ASK Sbid c). How much the customer can buy with CAD 100,000
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