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Inverting exchange rate bid-offer quotes

Hi,

Got a silly question but I just need something clarified - if you are given a CHF/USD bid-quote offer and you need to invert it to get the USD bid-quote;

  • Is it as simple as 1/bid is the new bid, and 1/offer is the new offer

OR

  • 1/bid is now the offer, and 1/offer is now the bid?
Thanks

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