Assume the bid rate of a Singapore dollar is $.40 while the ask rate is $.41 at
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Question:
Assume the bid rate of a Singapore dollar is $.40 while the ask rate is $.41 at Bank X. Assume the bid rate of a Singapore dollar is $.42 while the ask rate is $.425 at Bank Z. Given this information, what would be your gain if you use $1,000,000 and execute locational arbitrage? That is, how much will you end up with over and above the $1,000,000 you started with?
$11,764. | ||
–$11,964. | ||
$36,585. | ||
$24,390. | ||
$18,219. |
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