Top 11 Forex Quotation Questions You Need To Solve


0

c

 

Q.1) EUR USD 1.5150/1.5280                                                                                                         

Calculate Mid Rate, Spread and % Spread.

(Ans: Mid Rate EUR USD 1.5215; Spread USD 0.0130 and % Spread = 0.85%)

 

Q.2) AUD USD 0.8940 Mid Rate                                                                                      

USD 0.0250 Spread

Calculate Bid / Ask Rate.

(Ans: AUD USD 0.8815/0.9065)

 

Q.3) USD EUR 0.7750 / 80

EUR USD?

(Ans: EUR USD 1.2853/1.2903)

 

Q.4) Study following quotes:

GBP INR 75 and SGD INR 26.52

What is GBP SGD rate?

(Ans: GBP SGD 2.8281)

 

Q.5) From the following rates, find out AED INR Rate:                                                       

USD INR 47.9710 / 48.0101

USD AED 3.6701 / 6859.

(Ans: AED INR 13.0147 – 13.0814)

 

Q.6) Quotation for Pound Sterling in Indian Rupees is GBP INR 68.87/70.24. Calculate percentage spread.

(Ans: Percentage Spread 1.950%)

 

Q.7) From the following rates, find out JPY INR Rate: [Note: Switzerland Franks denoted as CHF]

CHF INR 32.7730 / 32.7750

CHF JPY 83.5540 / 83.5600

(Ans: JPY INR 0.3922/0.3923)

 

Q.8) Study following quotes:

EUR INR 47.95 and AED INR 12.93 [AED is Arab Emirates Dirham].What is EUR AED rate?

(Ans: EUR AED 2.8281)

 

Q.9) 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%

(ii)      % Spread (Pound/NZ $) 0.50%

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

 

Q.10) 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)

 

Q.11) 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:   It is direct quote

            Mid Rate 1.2608

            Spread 0.0024

            % Spread 0.19%

Inverse quote is USD 1 = EUR 0.7924/0.7939)


Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected].

104 Comments


Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140

Facebook comments:

This Website Is For Sale. Email us an offer we cannot refuse on [email protected] :)

X
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format