Page 14 - Demo

%u062c%u0645%u064a%u0639 %u0627%u0644%u062d%u0642%u0648%u0642 %u0645%u062d%u0641%u0648%u0638%u0629 %u0640 %u0627%u0625%u0644%u0639%u062a%u062f%u0627%u0621 %u0639%u0649%u0644 %u062d%u0642 %u0627%u0645%u0644%u0624%u0644%u0641 14 %u0628%u0627%u0644%u0646%u0633%u062e %u0623%u0648 %u0627%u0644%u0637%u0628%u0627%u0639%u0629 %u064a%u0639%u0631%u0636 %u0641%u0627%u0639%u0644%u0647 %u0644%u0644%u0645%u0633%u0627%u0626%u0644%u0629 %u0627%u0644%u0642%u0627%u0646%u0648%u0646%u064a%u0629Example:Assuming that the dollar price is 18.5 Egyptian pounds, what is the direct exchange rate of the Egyptian pound?The direct exchange rate of the Egyptian pound= (Dollars number)/ (Pounds number)=%ud835%udfcf%ud835%udfcf/%ud835%udfcf%ud835%udfcf8.5 = %ud835%udfce%ud835%udfce.%ud835%udfce%ud835%udfce54 Dollars/ EGPIndirect quotation:It is the number of foreign currency units in relation to the dollar (meaning a dollar equals how many pounds).The indirect exchange rate of the Egyptian pound = (%ud835%udfcf%ud835%udfcf) / (Direct Price) Pound= 1 / (%ud835%udfce%ud835%udfce.%ud835%udfce%ud835%udfce54) = 18.5Banks provide foreign currencies as a service to customers, in return for a commission or a spread.There are two prices for the currency:- Bid (buy) quote: The price at which the bank buys this currency.-Ask (sell) quote: The price at which the bank sells the currencies to dealers.Bid (buy) quote for a foreign currency will be less than its ask (sell) quote. This is the bid/ask spread. The bank's profit margin is determined by the following formula:Bid/ask spread = Ask Price - Bid PriceAsk priceExample:Suppose that the price offered by the bank to buy the dollar is 18 EGP, and the price at which the bank sells is 18.5 pounds. Calculate the Bid/ask spread?Bid/ask spread = Ask Price - Bid PriceAsk price Bid/ask spread = 18.5 %u2013 1818.5 = 2.7%