If you have 100,000,000 Yen, can you make a triangular profit? The quoted cross rate is the
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Question:
If you have 100,000,000 Yen, can you make a triangular profit? The quoted cross rate is the Yen per British Pound?
Identify the paths you would take to make a profit and the path that would yield a loss instead of a profit?
Which banks would you do your sell and buy transactions with?
Bank A is offering 82 Yen per dollar. |
Bank B is offering $1.60 per British Pound |
Bank C is offering 128 Yen per British Pound. |
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