HSBC (a large British bank) is quoting the following spot exchange rates for number of YEN...
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HSBC (a large British bank) is quoting the following spot exchange rates for number of YEN per USD, number of THB per USD and number of YEN per THB respectively. YEN/USD 116.91 -- 116.95 THB/USD= 44.30 44.40 YEN/THB = 2.6900 -- 2.7100. = -- You are trader at Wombat Capital, a US hedge fund, and your job is to try to find arbitrages in the currency markets. You have 10 mio USD risk capital provided by your fund. Using the 10 mio USD risk capital, how much arbitrage (guaranteed risk-free) profit can you make. If there is no arbitrage possible, enter zero. Give your answer in USD to the nearest USD. HSBC (a large British bank) is quoting the following spot exchange rates for number of YEN per USD, number of THB per USD and number of YEN per THB respectively. YEN/USD 116.91 -- 116.95 THB/USD= 44.30 44.40 YEN/THB = 2.6900 -- 2.7100. = -- You are trader at Wombat Capital, a US hedge fund, and your job is to try to find arbitrages in the currency markets. You have 10 mio USD risk capital provided by your fund. Using the 10 mio USD risk capital, how much arbitrage (guaranteed risk-free) profit can you make. If there is no arbitrage possible, enter zero. Give your answer in USD to the nearest USD.
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ANSWER 1 YENUSD rate is 1169111695 2 THBUSD rate is 443... View the full answer
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
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