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What is the bid-ask spread

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Question

1. Nova Scotia Bank offers quotes on the Canadian dollar as shown below. What is the bid-ask spread based on these quotes? (Round answer to 2 decimal places e.g. 17.54%.)

Bid

Ask

C$0.9883/$

C$0.9892/$

What is the Bid-ask spread %

2. A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank quotes a bid rate of $1.0900/SF and an ask rate of $1.0968/SF. What is the bid-ask spread? (Round answer to 3 decimal places, e.g. 17.540%.)

What is the Bid-ask spread %

3. A foreign exchange dealer is willing to buy the Danish krone (DKr) at $0.1557/DKr and will sell it at a rate of $0.1569/DKr. What is the bid-ask spread on the Danish krone? (Round answer to 2 decimal places, e.g. 17.52%.)

What is the Bid-ask spread %

Reference no: EM132365408

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