Answer:
€0.5386/CHF
Explanation:
A cross exchange rate is the exchange rate between two currencies that are quoted or expressed in a common or third currency.
To calculate the BID cross-exchange rate for Swiss Francs priced in euro in the question, we will divide the CHF/USD BID by the EUR/USD ASK as follows:
BID cross-exchange rate for Swiss Francs priced in euro = 0.7648 ÷ 1.4200 = €0.5386.
Therefore, the BID cross-exchange rate for Swiss Francs priced in euro is €0.5386/CHF.
Answer:
0.53867CHF
Explanation:
We solve using the BID price of the Franc and the ASK price of the Euro as the person will be having the Euro and wanting to convert into Swiss Francs
We want to know the value of a single Euro expressed in term of Swiss Francs (CHF)
0.7648 CHF / 1.42 EUR = 0,53859 = 0.5386
