If AUD/USD is 0.7515/19 and EUR/USD is 1.1592/97, calculate the offer rate for AUD/EUR: Select one: a. 0.6480 b. 1.5417 c. 0.6484 d. 0.6486
Question
Solution 1
To calculate the offer rate for AUD/EUR, we need to divide the offer rate of AUD/USD by the bid rate of EUR/USD.
The offer rate for AUD/USD is 0.7519 and the bid rate for EUR/USD is 1.1592.
So, AUD/EUR = AUD/USD ÷ EUR/USD = 0.7519 ÷ 1.1592 = 0.6484
So, the answer is:
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