Question: Using the following quotations: AUD / USD 0.6320 / 0.6324 USD / CAD 1.4198 / 1.4204 Create a cross rate between the Australian Dollar (AUD)

Using the following quotations: AUD / USD 0.6320 / 0.6324 USD / CAD 1.4198 / 1.4204

Create a cross rate between the Australian Dollar (AUD) and the Canadian Dollar (CAD). Present your quotation in direct form as the dealers buy and sell prices for the Canadian Dollar (4 decimal places). Show all workings.

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