CFA Practice Question

There are 253 practice questions for this study session.

CFA Practice Question

Suppose the Brazilian Real (BRL) is quoted at USD/BRL = 0.4870 - 0.4882, and the Thai Baht (THB) is quoted at USD/THB = 0.0327 - 0.0336. What is the quote for the Real in Bangkok (THB/BRL)?
A. 14.4941 - 14.9297.
B. 14.5276 - 14.8929.
C. 14.4941 - 14.8930.
Explanation: Bid cross rate for the Real THB/BRL = 0.4870/0.0336 = 14.4941
Ask cross rate for the Real THB/BRL = 0.4882 / 0.0327 = 14.9297.

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