Suppose the Brazilian Real is quoted at $0.9455-9510, and the Thai baht is quoted at $2What is the direct quote for the Real in Bangkok?

Question

Quizplus · Accepted Answer

To find the direct quote for the Real in Bangkok, you need to convert the Real's USD quote to the Baht's USD quote. Divide the Real's quote by the Baht's quote: (0.9455/2.00) to (0.9510/2.00), which gives approximately 0.47275 to 0.4755. Then, take the reciprocal to convert it to the direct quote in Baht: 1/0.47275 to 1/0.4755, resulting in approximately 26.5524 to 26.8626.

Suppose the Brazilian Real Is Quoted at $0