Using the information contained in the table,what is the EUR/USD mid-rate?

Question

Quizplus · Accepted Answer

We first need to determine the USD/AUD and EUR/AUD mid-rates.These are the averages of the bid and ask rates.Hence we obtain a mid-rate of (0.9940 + 0.9945)/2 = 0.9942 for the USD/AUD and a mid-rate of (0.5855 + 0.5905)/2 = 0.5880 for the EUR/AUD.The mid-rate for the EUR/USD = EUR/AUD F1F1F1S1F1F1F10 AUD/USD = 0.5880 F1F1F1S1F1F1F10 (1/0.9942)= 0.5914.

Using the Information Contained in the Table,what Is the EUR/USD 1.1766 1.1766 1.1766

Using the Information Contained in the Table,what Is the EUR/USD $1.1766$