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

Quizplus · Accepted Answer

To find the ASK cross-exchange rate for CHF in EUR, divide the ASK rate of CHF by the BID rate of EUR: 0.7652 / 1.4000 = 0.5466.

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