Alabama Bank is willing to buy or sell British pounds for $1 98 The bank is willing to buy or sell Mexican pesos at an exchange rate of 10 pesos per dollar The bank is willing to purchase British pounds at an exchange rate of 1 peso 05 British pounds Show how you can make a profit from triangular a...

Alabama Bank is willing to buy or sell British pounds for $1.98. The bank is willing to

Question:

Alabama Bank is willing to buy or sell British pounds for $1.98. The bank is willing to buy or sell Mexican pesos at an of 10 pesos per dollar. The bank is willing to purchase British pounds at an of 1 peso = .05 British pounds. Show how you can make a profit from triangular arbitrage and what your profit would be if you had $100,000.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...