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S 5 Bid-ask(offer) quotes and spreads Given a:b bid-ask exchange rate, how to find the b:a bid-ask exchange rate? > The b:a bid exchange rate

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Bid-ask(offer) quotes and spreads Given a:b bid-ask exchange rate, how to find the b:a bid-ask exchange rate? > The b:a bid exchange rate equals the reciprocal of the a:b ask exchange rate The b:a ask exchange rate equals the reciprocal of the a:b bid price > Example: EUR:USD=1.2011-1.2014 USD:EUR bid= 1/1.2014 USD: EUR ask=

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