The mid-rate for USD/CHF is 0.9300 and the mid-rate for NZD/USD is 0.8560. What is the mid rate for NZD/CHF?
A) 0.7961
B) 1.0864
C) 1.7860
D) 1.2561

Name: The mid-rate for USD/CHF is 0.9300 and the mid-rate for NZD/USD is 0.8560. What is the mid rate for NZD/CHF? A) 0.7961 B) 1.0864 C) 1.7860 D) 1.2561
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Question

Quizplus · Accepted Answer

To find the mid-rate for NZD/CHF, multiply the mid-rate for NZD/USD (0.8560) by the mid-rate for USD/CHF (0.9300): 0.8560 * 0.9300 = 0.7961.

The Mid-Rate for USD/CHF Is 0