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As discussed, we sometimes assume that bid and ask prices are the same for the sake of simplicity and easy calculation. However, in reality, we
As discussed, we sometimes assume that bid and ask prices are the same for the sake of simplicity and easy calculation. However, in reality, we have the deal with the difference between these two prices. Given the following information, what are the NZD/SGD currency against currency bid-ask quotations?
Bank Quotations | bid | ask | bid | ask |
New Zealand Dollar | 0.7265 | 0.7272 | 1.3751 | 1.3765 |
Singapore Dollar | 0.6135 | 0.6140 | 1.6287 | 1.6300 |
American terms not bold
European Terms in bold
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