Cross Rates Illustration 4


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Cross Rates Illustration 4

 

The following quote is given in Singapore:

USD 1 = SGD 1.2670 / 1.2700. Is it a direct or indirect quote?

Find the midrate, spread and the % spread. Calculate inverse quote.

(Ans.:  Direct in         Singapore

            Mid Rate        1.2685

            Spread            0.0030

            % Spread       0.24%

            Inverse            0.7874/0.7893)


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