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Inverting exchange rate bid-offer quotes

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    • Avatar of idawgzidawgz
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        • CFA Level 2
        30 Mar 2019 at 6:29 pm
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        Hi,

        Got a silly question but I just need something clarified – if you are given a CHF/USD bid-quote offer and you need to invert it to get the USD bid-quote;

        • Is it as simple as 1/bid is the new bid, and 1/offer is the new offer

        OR

        • 1/bid is now the offer, and 1/offer is now the bid?

        Thanks

      • Avatar of Theoa126Theoa126
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          • CFA Level 2
          30 Mar 2019 at 10:23 pm
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          It is 1/bid is the new offer.

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