DIRECT-INDIRECT, MID RATE, SPREAD, INVERSE:
Q.1) Quote for US dollars is 45.85/46.35 spot on Traveller’s cheques. Calculate percentage spread.
Q.2) The quote given buy the banker in India for GBP is 81.1122/82.2322. Compute percentage spread.
Q.3) Spread Mid rate quote for US dollar in INR is 2.03, 47.5801 as per trader. Calculate bid and ask rates.
Q.4) Mid rate ZAR INR 7.2597, Spread INR 0.2670. Compute Bid Ask Rates.
(Ans.: ZAR = South African Rand. ZAR INR 7.1262/7.3932)
Q.5) EUR USD 1.2596/1.2602. Compute implied inverse quote for this quote.
(Ans.: USD EUR 0.7935/0.7939)
Q.6) Calculate implied inverse quote for: CAD USD 1.2447/1.2452.
(Ans.: USD CAD 0.8031/0.8034)
Latest posts by BMS Team (see all)
- Meterdown Annual Festival is back with its 7th edition – Starts today! - January 16, 2020
- Tybms sem 6 results 2019 declared on 19th June 2019 - June 19, 2019
- TYBMS Sem 6 Results 2019 Update from BMS khabri! - June 15, 2019