Solved: Quote a british pound cross-rate for swiss franc, Finance Basics

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Quote a british pound cross-rate for swiss franc

Problem: You are given the following spot exchange rates:

SFr in Zurich, S(SFr/$): 1.6000-35 SFr/$
£ in NY, S($/£): 1.9810-50 $/£

As a banker in London, you would like to quote a British pound cross-rate for Swiss Franc (i.e., S(£/SFr)). If you anticipate to be the sole banker in the world quoting this cross-rate, what is your quote going to be? Show your work.

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Finance Basics: Quote a british pound cross-rate for swiss franc

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