Before your vacation to France, you had also been considering a vacation to Iceland. Iceland's currency is the Krona, and at the time, your bank's bid rate was $0.007387 and its ask rate was $0.0081.

In this case, the nominal bid/ask spread for the Krona is dollars per krona. This can be misleading, however, since the bid/ask spread in percentage terms is than that of the euro in this example.

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