See how our partners can help you ace your CFA exams.
Inverting exchange rate bid-offer quotes
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
- 1/bid is now the offer, and 1/offer is now the bid?