In part A, If I am to buy the base which is the GBP since I am selling MXN, Should I use the bid price as the bid/ask is based on the base currency? I’m confused. In the curriculum, it is showing to use the ask, which to me is incorrect.
In part A, If I am to buy the base which is the GBP since I am selling MXN, Should I use the bid price as the bid/ask is based on the base currency? I’m confused. In the curriculum, it is showing to use the ask, which to me is incorrect.