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Given the above SPOT rates, what is the BID cross-exchange rate for (Euro/CHF)? Hint: Find the price that a currency dealer will pay in euros

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Given the above SPOT rates, what is the BID cross-exchange rate for (Euro/CHF)? Hint: Find the price that a currency dealer will pay in euros to buy Swiss francs. FYl: the 3 letter code for Swiss Franc is CHF. CH represents Switzerland. 0.5386/CHF 0.5389/CHF 0.5463/CHF 0.5466/CHF

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