Business Studies, asked by abhi9399, 1 year ago

Example of cross rate​

Answers

Answered by PS07
1

Here's ur answer...

For example: In the case of the GBP/CHF. The bid prices are as follows: GBP/USD=1.5700, USD/CHF=0.9300. Thus the cross rate (GBP/CHF) will be 1.5700*0.9300=1.4601. ..

Hope it helps...


abhi9399: thanks bro
PS07: welcome
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