Here are some historical quotes of the USDJPY (yen per dollar) exchange rate given simultaneously on the
Question:
Bank A 121.15-121.25
Bank B 121.30-121.35
Bank C 121.15-121.35
Are these quotes reasonable? Is there an arbitrage opportunity?
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...
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These quotes are unreasonable because they deviate from Bank A to Bank B by more than the s...View the full answer
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Kavya Kota
I completed my MSc in MVR PG college affiliated to Andhra University in 2007. After that, I worked as a full-time Chemistry lecturer for MSc and BSc students from 2007 July to 2012 Jan. Meanwhile worked as a tutor for IIT foundation, IIT, AIEEEE and EAMCET as a part-time job. I got qualified in CSIR-UGC NET exam by that joined in JNTUH as a research scholar under Dr. K. Mukkanti. I continued and finished my research work, a collaboration of IICT with Dr. B V Subba Reddy supervision in 2019.
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