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USD equivalent Country BID ASK Switzerland (Franc) CHF 0.7648 0.7652 Euro 1.4000 1.4200 N A bank is quoting the exchange rates against the dollar for
USD equivalent Country BID ASK Switzerland (Franc) CHF 0.7648 0.7652 Euro 1.4000 1.4200 N A bank is quoting the exchange rates against the dollar for the Swiss frane and the Euro (USD equivalent is in "USD") above (1) If you have 500,000 CHF and 200,000 EUR, how much USD can you convert? (2) A firm asks the bank for a Eur/CHF quote. What cross-rate bid rates would the bank quote? (3) A firm asks the bank for a Eur/CHF quote. What cross-rate ask rates would the bank quote? Follow the order of these three questions to fill in the following boxes A/ AY
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