Question: Evaluate the arbitrage opportunity with the triangular arbitrage methods for the following currency pairs and identify the preferred direction of trade Bid Ask AUDPLN 2.7613

Evaluate the arbitrage opportunity with the triangular arbitrage methods for the following currency pairs and identify the preferred direction of trade

Bid

Ask

AUDPLN

2.7613

2.7624

BRLPLN

0.9453

0.9466

AUDBRL

2.9745

2.9748

Please calculate both directions and provide the answers. In your answer below, you could provide a 3x3 table (see the top left corner of the text box) and add the following:

Calculation

Preferred direction (Y/N)

Direction 1

answer

answer

Direction 2

answer

answer

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