Question
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/USD = 1.5960/70; AUD/USD = 1.7225/35.
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/USD = 1.5960/70; AUD/USD = 1.7225/35. An Australian firm asks the bank for an AUD/SFr quote. What cross-rate would the bank quote?
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Islamic FinanceA Practical Perspective
Authors: Nafis Alam, Lokesh Gupta, Bala Shanmugam
1st Edition
3319665588, 9783319665580
