Answered

Given the following information, what are the NZD/SGD currency against currency bid-ask quotations?

American Terms European Terms Bank Quotations Bid Ask
New Zealand dollar 0.7265 0.7272 1.3751 1.3765
Singapore dollar 0.6135 0.614 1.6287 1.63

Answer :

Answer:

In American terms: 0.8436  ÷ 0.8451

In European Terms: 1.1832  ÷1.1853

Explanation:

the computation of the NZD/SGD currency against currency bid-ask quotations is shown below:

                               In american terms             In european terms

USD/NZD           0.7265 ÷ 0.7272               E/NZD  1.3751 ÷ 1.3765

USD/SGD           0.6135 ÷ 0.6140                 E/SGD  1.6287 ÷ 1.6300

NZD/SGD = (0.6135 ÷ 0.7272) ÷ (0.6140 ÷ 0.7265) = 0.8436 ÷ 0.8451

(1.6287 ÷ 1.3765) ÷ (1.6300 ÷ 1.3751) = 1.1832 ÷ 1.1853

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