BMS Sem 6 Preparation : 5 Solved Questions on Forex Quotations


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questions

Q.1) EUR USD 1.5150/1.5280                                                                                                         

Calculate Mid Rate, Spread and % Spread.

(Ans: Mid Rate EUR USD 1.5215; Spread USD 0.0130 and % Spread = 0.85%)

 

Q.2) AUD USD 0.8940 Mid Rate

USD 0.0250 Spread

Calculate Bid / Ask Rate.

(Ans: AUD USD 0.8815/0.9065)

 

Q.3) USD EUR 0.7750 / 80

EUR USD?

(Ans: EUR USD 1.2853/1.2903)

 

Q.4) Study following quotes:

GBP INR 75 and SGD INR 26.52

What is GBP SGD rate?

(Ans: GBP SGD 2.8281)

 

Q.5) From the following rates, find out AED INR Rate:

USD INR 47.9710 / 48.0101

USD AED 3.6701 / 6859.

(Ans: AED INR 13.0147 – 13.0814)

 


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40 Comments

  1. in question 5
    Q.5) From the following rates, find out AED INR Rate:

    USD INR 47.9710 / 48.0101

    USD AED 3.6701 / 6859.(it should be 3.6859 to drive the given ans (Ans: AED INR 13.0147 – 13.0814))


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