Suppose pound sterling is quoted at $and the Swiss franc is quoted at $0.6250-6What is the direct quote for the pound in Zurich?

Question

Quizplus · Accepted Answer

To find the direct quote for the pound in Zurich we need to divide 1 by the indirect quote of the Swiss franc in London.

1/0.6250 = 1.60

So, the direct quote for the pound in Zurich would be CHF 1.60.

Now, we need to multiply this by the direct quote for the pound in London to get the direct quote for the pound in Zurich.

2.3008 * 1.60 = 3.68128

Therefore, the direct quote for the pound in Zurich is 2.3008-98.

Suppose Pound Sterling Is Quoted at $And the Swiss Franc