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3 years ago

The quote for USD/CHF is listed as 1.4481/88 as shown. How many Swiss francs does it cost to buy 1 U.S. dollar?

Mathematics

2 answers:

ozzi3 years ago

7 0

1.4488: I hope this helps. :)

solong [7]3 years ago

7 0

Answer:

USD/CHF is the currency pair, where USD stands for United States Dollar, and CHF stands for Swiss Francs.

This currency pair shows how many Swiss Francs are needed to buy 1 US Dollar. <em>The first currency listed is called base currency, and the second currency is called the quote currency. </em>Basically, the ratio shows how much of the quote currency is needed to purchase one unit of the base currency.

The ration of this pair is $\frac{1.4481}{88}$ which means that we need 1.4481 CHF to buy one dollar.

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