$$\begin{array} { | l | c | c | }
\hline & { \text { USD equivulent } } \
\hline { \text { Courtry } } & \text { BIB } & \text { ASK } \
\hline \text { Bwitzerlard (Frarc) CHF } & 0.7648 & 0.7652 \
\hline \text { Euro € } & 1.4000 & 1.4200 \
\hline
\end{array}$$ What is the BID cross-exchange rate for Swiss Francs priced in euro? Hint: Find the price that a currency dealer will pay in euro to buy Swiss francs.

Question

$$\begin{array} { | l | c | c | } 
\hline &  { \text { USD equivulent } } \
\hline { \text { Courtry } } & \text { BIB } & \text { ASK } \
\hline \text { Bwitzerlard (Frarc) CHF } & 0.7648 & 0.7652 \
\hline \text { Euro  €  } & 1.4000 & 1.4200 \
\hline
\end{array}$$ What is the BID cross-exchange rate for Swiss Francs priced in euro? Hint: Find the price that a currency dealer will pay in euro to buy Swiss francs.

Quizplus · Accepted Answer

To find the BID cross-exchange rate for Swiss Francs priced in euros, we use the formula: BID rate for CHF in EUR = 1 / ASK rate of EUR in USD * BID rate of CHF in USD. This gives us 1 / 1.4200 * 0.7648 = 0.5386.

What Is the BID Cross-Exchange Rate for Swiss Francs Priced