Question
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.4966 76 A$/$ =
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar:
SFr/$ = 1.4966 76
A$/$ = 1.6229 39
An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote?
Note: Round your answers to 4 decimal places.
whats the cross rate bid price and ask price
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An Introduction To Trading In The Financial Markets Market Basics
Authors: R. Tee Williams
1st Edition
0123748380, 9780123748386
