You have quoted a Swiss customer spot USD/CHF as 0.9273-78, but he asks you to quote it as CHF/USD. What do you quote?
A) 0.9278-73
B) 1.0784-78
C) 1.0778-84
D) 1,0773-78

Question

Quizplus · Accepted Answer

To quote CHF/USD, we need to flip the currency pair and invert the bid-ask spread. Therefore, we can calculate the new bid and ask prices as follows:
Bid price = 1/ask price of USD/CHF = 1/0.9278 = 1.0784
Ask price = 1/bid price of USD/CHF = 1/0.9273 = 1.0778
Therefore, the correct quote for CHF/USD is 1.0778-1.0784. Option C is the only choice that matches this range.

You Have Quoted a Swiss Customer Spot USD/CHF as 0