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Citigroup quotes DKK 5.62/$ Bid and DKK 5.87/$ Ask Which currency is Citigroup buying at the DKK 5.62/$ bid rate, and which currency is Citigroup
Citigroup quotes "DKK 5.62/$ Bid and DKK 5.87/$ Ask" Which currency is Citigroup buying at the DKK 5.62/$ bid rate, and which currency is Citigroup selling at the DKK 5.87/$ offer rate? If you sell $1 million to Citigroup at a bid price of DKK 5.62/$ and simultaneously buy $1 million at their offer price of DKK 5.87/$, how many Danish krona (krona is the plural of kroner) will you make or loss? What is Citigroup's kroner profit or loss on the transaction
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