For a FX quote of AUD/GBP0.6250-53 has a spread of:
A) 250 points.
B) 50 points.
C) 53 points.
D) 3 points.

Name: For a FX quote of AUD/GBP0.6250-53 has a spread of: A) 250 points. B) 50 points. C) 53 points. D) 3 points.
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Question

Quizplus · Accepted Answer

The spread is the difference between the bid and ask prices. In this case, the bid price is 0.6250 and the ask price is 0.6253, so the spread is 0.6253 - 0.6250 = 0.0003, or 3 points.

For a FX Quote of AUD/GBP0