CFA CFA Level 2 Inverting exchange rate bid-offer quotes

Inverting exchange rate bid-offer quotes

  • This topic has 1 reply, 2 voices, and was last updated Mar-19 by Theoa126.
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    • idawgz
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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

    • Theoa126
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      It is 1/bid is the new offer.

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