ices. A currency trader at UBS in New York City quotes to a customer the dollar-Swissie as CHF 1.1975-85 = US$1. What is the bid price for the U.S. dollar? What is the bid price for the Swiss franc? At what price is UBS willing to sell Swiss francs to its customer? What is the percentage sprea

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Bid-ask prices. A currency trader at UBS in New York City quotes to a customer the dollar-Swissie as CHF 1.1975-85 = US$1. What is the bid price for the U.S. dollar? What is the bid price for the Swiss franc? At what price is UBS willing to sell Swiss francs to its customer? What is the percentage spread of the bid-ask quote?

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Bid price and ask prices are very important in buying and selling of currencies and the spread between two play very important role in buying and selling of currencies.

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