Top 5 Cross Rates Questions You Need To Solve

CROSS RATES:

Q.1) GBP INR 81.22 and EUR INR 56.02. Calculate GBP EUR Rate.

(Ans.: 1.4498)

Q.2) Bankers quotes as follows:

{MXN = Mexican Peso, BRL = Brazialian Real}

In Brazil : GBP BRL 5.2506 – 5.2600.

In Mexico : BRL MXN 3.9568 – 3.9698.

What is GBP MXN expected rate?

(Ans.: 20.7756/20.8812)

Q.3) Bankers quotes as follows:

In Euroland : GBP EUR 1.4403 – 1.4490.

In Australia : GBP AUD 2.4752 – 2.4792.

What is EUR AUD expected rate?

(Ans.: 1.7082/1.7213)

Q.4) The following quote is given in Singapore:

USD 1 = SGD 1.2670 / 1.2700. Is it a direct or indirect quote?

Find the midrate, spread and the % spread. Calculate inverse quote.

(Ans.: Direct in Singapore

Mid Rate 1.2685

Spread 0.0030

% Spread 0.24%

Inverse 0.7874/0.7893)

Q.5) Cable Rate is GBP USD 1.6000 / 1.6070

In which country this is a direct quote?

Find the midrate, spread and the % spread. Calculate inverse quote.

(Ans.: Direct in US of A

Mid Rate 1.6035

Spread 0.0070

% Spread 0.44%

Inverse 0.6223/0.6250)

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