of you have the following bid-ask rates for A/B: 1.2000 - 1.2022… when you calculated their reciprocals, 1/1.2000 and 1/1.2022 which one is the bid and which one is the ask?
guys a little help here!!!
Just remember, when you buy a currency, you always pay the ask price, ie, the higher price
ask becomes bid, bid becomes ask when you do the reciprocal