Cross Rates Illustration 5


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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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