Using the information contained in the table,what is the USD/EUR 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 USD/EUR = USD/AUD F1F1F1S1F1F1F10 AUD/EUR = 0.9942 F1F1F1S1F1F1F10 (1/0.5880)= 1.6908.

Using the Information Contained in the Table,what Is the USD/EUR 1.6908 1.6908 1.6908

Using the Information Contained in the Table,what Is the USD/EUR $1.6908$