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Calculate the bid-offer spread on the exchange rate

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Reference no: EM132855326

Question - The following exchange rates are quoted:

AUD/EUR 1.70-1.72

GBP/AUD 0.4020-0.4040

Calculate the bid-offer spread on the exchange rate between the pound and the euro expressed in direct quotation from a British perspective.

Reference no: EM132855326

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