Question
Required: A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.4966 76 A$/$
Required:
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar:
SFr/$ = 1.4966 76
A$/$ = 1.6229 39
An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote?
Note: Round your answers to 4 decimal places.
what is the cross rate ask and bid price?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
11th Edition
1264413041, 9781264413041
