Top 6 Direct-Indirect, Mid Rate, Spread, Inverse Questions You Need To Solve


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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.

(Ans.: 1.08%)

 

Q.2) The quote given buy the banker in India for GBP is  81.1122/82.2322. Compute percentage spread.

(Ans.: 1.36%)

 

Q.3) Spread Mid rate quote for US dollar in INR is 2.03, 47.5801 as per trader. Calculate bid and ask rates.

(Ans.: 46.5651/48.5951)

 

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)

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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]

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