Question
. A bank is quoting the following exchange rates against the dollar for the Swiss frac and the Australian dollar: SFr/$ = 1.5960-1.5970 A$/$ =
. A bank is quoting the following exchange rates against the dollar for the Swiss frac and the Australian dollar:
SFr/$ = 1.5960-1.5970
A$/$ = 1.7225-1.7235
An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
0324117752, 9780324117752
