Forex Quotation Illustration 12
Â
The following quote is given in New York:
EUR 1 = USD 1.2596 / 1.2620
Is it a direct or indirect quote?
Find the mid rate, spread and the % spread. Calculate inverse quote.
(Ans:Â Â It is direct quote
           Mid Rate 1.2608
           Spread 0.0024
           % Spread 0.19%
Inverse quote is USD 1 = EUR 0.7924/0.7939)
Â
12 Comments