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Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.1780 2.2345 a. You

Currency	Bid Rate	Offer Rate
EUR/USD	1.2310	1.2313
GBP/USD	1.7945	1.7949
USD/JPY	110.73	110.83
USD/CHF	1.2810	1.2815
USD/CAD	1.1514	1.1517
USD/BRL	2.1780	2.2345

a. You have Brazilian Real and you want to buy CAD. How much BRL do you pay per CAD? [Hint: This requires a cross-rate calculation]

b. You have GBP and want to buy EURO. How much Euro do you receive per GBP? [Hint: This requires a cross-rate calculation

c. By using the above-listed quotes, find out Bid and Offer rates for BRL/JPY.

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