Question
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: CHF 1 = USD 1.1977~1.1987 USD
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: CHF 1 = USD 1.1977~1.1987 USD 1 = AUD 1.148~1.149 An Australian firm asks the bank for a Swiss franc quote in Australian dollar. What bid rate would the bank quote?
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
