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22 July, 15:23

USD equivalent Country BID ASK Switzerland (Franc) CHF 0.7648 0.7652 Euro € 1.4000 1.4200 What is the BID cross-exchange rate for Swiss Francs priced in euro? Hint: Find the price that a currency dealer will pay in euro to buy Swiss francs.

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  1. 22 July, 16:59
    0
    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
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Home » Business » USD equivalent Country BID ASK Switzerland (Franc) CHF 0.7648 0.7652 Euro € 1.4000 1.4200 What is the BID cross-exchange rate for Swiss Francs priced in euro? Hint: Find the price that a currency dealer will pay in euro to buy Swiss francs.
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