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American Terms European Terms Bank Quotations BID ASK BID ASK British pounds 1.9712 1.9717 0.5072 0.5073...

American Terms European Terms
Bank Quotations BID ASK BID ASK
British pounds
1.9712
1.9717
0.5072
0.5073
Euros
1.4738
1.4742
0.6783
0.6785

please check my work

Using the table above, what is the bid price of euros in terms of pounds? bid price of euros in terms of pounds is 0.747751732

Using the table above, what is the ask price of euros in terms of pounds? ask price of euros in terms of pounds is 0.747678703

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Answer #1

Euro/pounds = (pound/dollar)*(dollar/euro)

Bid price = (1/1.9717)*1.4738

=pound 0.7474767/euro

Ask price =(1/1.9712)*1.4742

= pound 0.7478693/euro

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