The exchange rates in New York are: $1 = AUD 1.113 and $1 = £0.658
A dealer is offering a quote: AUD 1 = £0.7617.
What is the profit you can earn on $24,541 using triangle arbitrage?
You are given the following quotes:
U.S. dollar/Brazilian Real = 0.3027
U.S. dollar/Australian Dollar = 0.7643
U.S dollar/Chinese Yuan = 0.1434
What is the Brazilian Real/Chinese Yuan cross rate?
Answer Profit you can earn on $24,541 using... View the full answer