Inspired by his recent trip to the Great Pyramids, Citibank trader Ruminder Dhillon wonders if he can

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Inspired by his recent trip to the Great Pyramids, Citibank trader Ruminder Dhillon wonders if he can make an intermarket arbitrage profit using Libyan dinars and Saudi riyals. He has $1,000,000 to work with, so he gathers the following quotes:
Citibank quotes U.S. dollar per Libyan dinar: $1.9324/LYD
National Bank of Kuwait quotes Saudi riyal per Libyan dinar:SAR 1.9405/LYD
Barclay quotes U.S. dollar per Saudi riyal: $0.2667/SAR
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Multinational Business Finance

ISBN: 978-0132743464

13th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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