:SF = 1.5960-70 :A$ = 1.8225-35 How would you quote the A$:SF (bid and ask)?
SF/A$ = .876 - .8762
I got: :A = 1.14120; i don’t follow how you get a bid-ask quote?
I did it wrong, I’m trying to fix it now
(c:b) : (c:a) = a:b A$:SF = 0.87572 - 79 right?
I did it again, and I got the same results. What’s the answer? I got .875 - .8763 (roughly)
bid = 1.5960 / 1.8235 = .8752 ask = 1.5970 / 1.8225 = .8763 set-up the equation so the currency that you dont want is eliminated (USD) - in order to do that you need to have indirect quote of A/$ so you divide and use the ask
a:b / a:c = c:b A$:SF = 0.87524 - 0.87627 when you go left you use the ask, and when right the bid (eg. :SF = 1.5960-70, when you go from SF to you use ask and when from $ to SF use the bid)
Answer should be 0.8752 - 0.8762
just one of those days. Post a question (with no answer) and go get a pizza for an hour.
0.8752 - 0.8763 sorry, it’s hectic around here.
When I do it with the triangle in Schweser I get 2.9103-2.9105 …
1/ To make them look more familiar: SF/ = 1.5960-70 A/$ = 1.8225-35 2/ Divide them together but remember for bid, use the smallest number on numerator and largest number on denominator; the same for ask, use the largest number on numerator and smallest one on denominator: SF/$A bid: 1.5960/1.8235=0.8752 ask: 1.5970/1.8225=0.8763 Did I get it?
Yea i’m pretty sure the consensus is that 0.8752-0.8763 is the right answer What if they were to ask for A$/SF It would be 1.1412-1.1426 right?
freakingout your method is really good i love you .
Personally - and for anyone else that’s struggling with this review - I find it much easier to either calculate the new spot using the midpoints - or, flesh out the reciprocal calculation that is being calculated in the above methods. Convert the A$/ spread to the /A$ spreads by taking the inverse of both the bid and the ask: A/ = 1.8225-35 We need: /A - so take the inverse of 1.8225 and 1.8235 to arrive at: /A = 0.5484-87 Now it’s just straight up multiplication - no cross multiplying necessary.