For example, the table indicates that one British pound (GBP) can be exchanged (or
sold) for 1.5593 U.S. dollars (USD). Thus, $1.5593 is the bid price, in U.S. dollars, for
one British pound. Alternatively, the table indicates one U.S. dollar (USD) can be ex-
changed (sold) for 0.6409 British pounds (GBP). So, it takes about 1.5603 U.S. dollars
(or 1/0.6409) to buy one British pound (or the ask price, in U.S. dollars, for one British
pound is roughly $1.5603)