Cross Rates Illustration 5
Cable Rate is GBP USD 1.6000 / 1.6070
In which country this is a direct quote?
Find the midrate, spread and the % spread. Calculate inverse quote.
(Ans.: Direct in US of A
Mid Rate 1.6035
Spread 0.0070
% Spread 0.44%
Inverse 0.6223/0.6250)
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