# The following table presents the mid-rates, the Royal Banks buy and sell rates, and ICEs buy and

## Question:

a. As a percentage of the mid-rate, calculate to the nearest 0.01% the percent spread (between buy and sell rates) on US dollar conversions for each of the Royal Bank and ICE.

b. As a percentage of the midrate, calculate the percent buy-sell spread on British pound conversions for each of the Royal Bank and ICE.

c. As a percentage of the mid-rate, calculate the percent buy-sell spread on euro conversions for each of the Royal Bank and ICE.

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