In conversation,interbank foreign exchange traders use a shorthand abbreviation in expressing spot currency quotations.Consider a $/£ bid-ask quote of $1.2519-$1.2523.The currency dealer would likely quote that as ________.

Question

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Interbank foreign exchange traders commonly use the last two digits of the bid-ask quote when expressing spot currency quotations. Therefore, the bid-ask quote of $1.2519-$1.2523 would be shortened to 19-23.

In Conversation,interbank Foreign Exchange Traders Use a Shorthand Abbreviation in Expressing