$$\begin{array} { | l | c | c | }
\hline & { \text { USD equivalent } } \
\hline \text { Courtry } & \text { BID} & \text { ASK } \
\hline \text { Carada (Dollar) } & 0.8653 & 0.8667 \
\hline \text { Euro € } & 1.4000 & 1.4200 \
\hline
\end{array}$$ What is the ASK cross-exchange rate for Canadian dollars priced in euro? Hint: Find the price that a currency dealer will take in euro to sell Canadian dollars.

Question

$$\begin{array} { | l | c | c | } 
\hline &  { \text { USD equivalent } } \
\hline \text { Courtry } & \text { BID} & \text { ASK } \
\hline \text { Carada (Dollar) } & 0.8653 & 0.8667 \
\hline \text { Euro  € } & 1.4000 & 1.4200 \
\hline
\end{array}$$ What is the ASK cross-exchange rate for Canadian dollars priced in euro? Hint: Find the price that a currency dealer will take in euro to sell Canadian dollars.

Quizplus · Accepted Answer

To find the ASK cross-exchange rate for CAD in EUR, divide the ASK price of CAD in USD by the BID price of EUR in USD: 0.8667 / 1.4000 = 0.6191.

What Is the ASK Cross-Exchange Rate for Canadian Dollars Priced