Currency BID/ASK

CFA Level III Fixed Income
#1

Hey,

When we are quoted a bid/ask rate lets say 4/5 EUR/USD… when i am flipping this currecy to do my calculations lets say i need the US in the Base. I’ll take the inverse (.25/.20) … Do i also have to switch the bid/ask spread now to refelct .2 as the bid and .25 as the ask… Pretty sure thats how itd done dor some reason second guessing myself

#2

Yes; that’s how it’s done.

#3

can you point to example/EOC?

I don’t remember seeing this.

#4

sorry wrong reply in wrong thread… multiple tabs open

#5

Anyone knows which EOC or example this kind of quote is? I don’t recall seeing this.