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Why use 0.7270 for ask price? I mean that is the ask price for Nzd/Eur, but (b) asked for Nzd/USD. Why use Nzd/Eur ask price?

Why use 0.7270 for ask price? I mean that is the ask price for Nzd/Eur, but (b) asked for Nzd/USD. Why use Nzd/Eur ask price? image text in transcribed
125.220 1602 Internal Test 2 quote EUR/NZD1.3755-1.3765 find the quote NZD/EUR (b) Given the quote NZD/USDO.7656-86 and the three-month forward points are '17 to 15' find the three-month forward rate. (2 marks) (a) NZD/EUR- 0.7265-0.7270 (b) three month forward rate bid 0.7656-0.0017 ask 0.7270-0.0015 -0.7639-0.7671 Or 3month forward 0.7639- 71

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