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# Question 1: 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

Question 1:

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?

Question 2:

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

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