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Country USD equivalent BID ASK 0.7648 0.7652 1.4000 1.4200 Switzerland (Franc) CHF Euro € What is the BID cross-exchange rate
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Answer #1
1 CHF USD 0.7648
I Euro USD 1.4000
Euro/CHF Euro/USD*USD/CHF
Euro/CHF (1/1.4000)*0.7648
Euro/CHF 0.5463
Thus, bid cross exchange rate for Swiss Francs priced in Euro is 0.5463
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