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Answer the following questions based on the following table: American Terms European Terms Bid Ask Bid Ask New Zealand dollar (NZD) .7265 .7272 1.3751 1.3765
- Answer the following questions based on the following table:
| American Terms | European Terms | ||
| Bid | Ask | Bid | Ask |
New Zealand dollar (NZD) | .7265 | .7272 | 1.3751 | 1.3765 |
Singapore dollar (SGD) | .6135 | .6140 | 1.6287 | 1.6300 |
- If a retail customer wants to buy 1 million USD with NZD, how much NZD he has to pay?
- If a retail customer wants to buy SGD with 1 million USD, how much SGD he will get?
- A retail customer plans to sell his holding of equities worth of NZD1, 000,000 to buy equities denominated in SGD. How much SGD equity he can buy?
- Calculate NZD/SGD bid price.
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