What are the bid and ask prices of pounds in terms of euros, Financial Management

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What are the bid and ask prices of pounds in terms of euros

1. The Mexican peso/ US$ spot exchange rate in December 1997 and December 1998 were 6.3 and 7.0, respectively. During 1998 inflation rates in Mexico and US were at 23% and 5%, respectively. What happened to real value of the peso during 1998?

2. Using the table below,

American Term European Team

Bank Quatatuins Bid Ask Bid Ask

British pounds $1.9700 $1.9715 0.5072 0.5076

Euros $1.474 $1.485 €0.6734 €0.6784

What are the bid and ask prices of pounds in terms of euros, respectively?

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