Forex Quotation Illustration 10


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Forex Quotation Illustration 10

 

Consider the following quotes:

Spot (Euro/Pound) = 1.6543/1.6557

Spot (Pound/NZ $) = 0.2786/0.2800

i.   Calculate the percentage spread on the Euro/Pound rate.

ii.   Calculate the percentage spread on the Pound/NZ $ rate.

iii.   The maximum possible percentage spread on the cross rate between the Euro and the NZ $.

(Ans:   (i) % Spread (Euro/Pound) 0.0846%

(i)        % Spread (Pound/NZ $) 0.50%

(ii)      % Spread 0.5846 (Thus, maximum % spread is addition of two spreads).

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S’COrE Education is a professional coaching institute to coach for new generation courses. S’COrE has highly experienced faculty with enormous experience and achievement in teaching and industry. We teach each subject in such a manner that even complicated subject feels simple. This helps student to S’COrE-the-Max. Since 1998 S’COrE had university toppers accross courses and subjects. Once you are our student you will also believe S’COrE - the - Best !!

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