Top 6 Direct-Indirect, Mid Rate, Spread, Inverse Questions You Need To Solve

DIRECT-INDIRECT, MID RATE, SPREAD, INVERSE:

Q.1) Quote for US dollars is  45.85/46.35 spot on Traveller’s cheques. Calculate percentage spread.

(Ans.: 1.08%)

Q.2) The quote given buy the banker in India for GBP is  81.1122/82.2322. Compute percentage spread.

(Ans.: 1.36%)

Q.3) Spread Mid rate quote for US dollar in INR is 2.03, 47.5801 as per trader. Calculate bid and ask rates.

(Ans.: 46.5651/48.5951)

Q.4) Mid rate ZAR INR 7.2597, Spread INR 0.2670. Compute Bid Ask Rates.

(Ans.: ZAR = South African Rand. ZAR INR 7.1262/7.3932)

Q.5) EUR USD 1.2596/1.2602. Compute implied inverse quote for this quote.

(Ans.: USD EUR 0.7935/0.7939)

Q.6) Calculate implied inverse quote for: CAD USD 1.2447/1.2452.

(Ans.: USD CAD 0.8031/0.8034)