Standard chartered bank lower than the majority

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Reference no: EM132053260

Suppose you see five banks quoting EUR against USD,as follows: Barclays bank USD/EUR 1.3450-52, Bank of Africa USD/EUR 1.3450-52, Access bank USD/EUR 1.3451-53, ecobank USD/EUR 1.3450-52, Standard Chartered bank USD/EUR 1.3450-51.

A) which bank(s) is (are) keen on buying EUR?, keen on selling EUR? not interested in dealing.

B) why does Access bank raise both its bid and its ask, rather than just its bid?

C) if we would look at these banks quotes every five minutes, do we always expect to see the same pattern, ie Access bank quoting higher and Standard Chartered Bank lower than the majority?

Reference no: EM132053260

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