Forex Quotation Illustration 11


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Forex Quotation Illustration 11

 

The following quote is given.

USD 1 = CAD 1.1630/50.

Identify the country in which this is a direct quote.

Find the mid rate, spread and the spread percentage.

Calculate the inverse quote.                                                                           

(Ans:   Direct quote in CAD i.e. in Canada.

            Mid Rate 1.1640

            % Spread 0.17%

            Inverse quote is CAD 1 = USD 0.8584/0.8598)

 


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