Currency Conversion with Bid-Ask Spreads A speculator in New York wants to take a $10,000 position in the pound. He faces these bid-ask prices: Bid Ask S$/E) 1.2500 05 SE/S)7997-03 Currency Conversion with Bid-Ask Spreads A speculator in New York wants to take a $10,000 position in the pound. He faces these bid-ask prices: Bid Ask S$/E) 1.2500 05 SE/S)7997-03