Currency Bid Rate Offer rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 GBP/EUR 1.4610 1.4615 Given the above

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Question:

Currency Bid Rate Offer rate

EUR/USD 1.2310 1.2313

GBP/USD 1.7945 1.7949

GBP/EUR 1.4610 1.4615

Given the above quotes, execute a triangular arbitrage. How much arbitrage profit you can generate if you start with EUR 1,000,000 or equivalent British Pounds

1) EUR 2,344

2) EUR 2,001

3) EUR 2,224

4) EUR 2,408

Posted Date: May 19, 2024 04:13 PM

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Currency Bid Rate Offer rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 GBP/EUR 1.4610 1.4615 Given the above

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