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Look at the following diagram. If we are looking to exchange currencies in the manner illustrated below, we would compute the MXN $ Direct JPY/MXN

Look at the following diagram. If we are looking to exchange currencies in the manner illustrated below, we would compute the

MXN

Direct JPY/MXN bid

Direct JPY/MXN ask

Indirect JPY/MXN bid

Indirect JPY/MXN ask

Indirect MXN/JPY bid

Direct MXN/JPY bid

Direct MXN/JPY ask

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