Question
The spot Singapore dollar is quoted bid S$1.7160/US$, ask S$1.7200/US$. What is the direct quote in the United States to the nearest 4 decimal points?
The spot Singapore dollar is quoted bid S$1.7160/US$, ask S$1.7200/US$. What is the direct quote in the United States to the nearest 4 decimal points?
Multiple choices are
US$0.5828/S$ bid, US$0.5815/S$ ask
US$0.5814/S$ bid, US$0.5828/S$ ask
S$1.7160/US$ bid, S$1.7200/US$ ask
S$1.7200/US$ bid, S$1.7160/US$ ask
Please show your calculations
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Re Imagining Offshore Finance
Authors: Christopher M. Bruner
1st Edition
0190466871, 978-0190466879
