## Foreign Exchange

devinarastogi84
Good Student
Posts: 22
Joined: Thu Apr 17, 2014 9:40 pm

### Foreign Exchange

Currency Bid Offer
JPY 117.50 117.60

Question: What if the customer wants to sell JPY for CAD??
Here It should be first Sell JPY for USD: USD/JPY= 1/117.60

Kindly explain the correct way in detail ...step by step.

edupristine
Finance Junkie
Posts: 704
Joined: Wed Apr 09, 2014 6:28 am

### Foreign Exchange

Currency bid offer:
JPY 117.50 117.60

Hence, If the customer wants to sell JPY for CAD.
1.5604/117.50 = .01328

devinarastogi84
Good Student
Posts: 22
Joined: Thu Apr 17, 2014 9:40 pm
You have just explained what i have written while the correct solution is 117.60/1.5604. I wanted to know how its 117.60/1.5604?? while should be as per my understanding 1.5604/117.50 = .01328

edupristine
Finance Junkie
Posts: 704
Joined: Wed Apr 09, 2014 6:28 am

### Foreign Exchange

Please refer the exact source of question.

devinarastogi84
Good Student
Posts: 22
Joined: Thu Apr 17, 2014 9:40 pm
??