Spot exchange rate of US dollar foreign exchange

USD/AUD = 1.3470/80, and the exchange rate is a two-way quotation, that is, the offeror buys USD, pays 1.3470, and the selling price of USD is 1.3480.

One-month forward exchange rate: USD/AUD = (1.3470+0.0050)/(1.3480+0.0060) =1.3520/.

Selective exchange rate: USD/AUD = 1.3470/ 1.3540.

The former is a selective exchange rate for buying dollars, and the latter is a selective exchange rate quotation for selling dollars.

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