Question: Given the FX rates below determine if the triangular arbitrage is possible by calculating the cross-rate of Ps/. (Round your answer to 4 decimals) HSBC

Given the FX rates below determine if the triangular arbitrage is possible by calculating the cross-rate of Ps/. (Round your answer to 4 decimals) HSBC Citi Discover Ps17.1254/$ $1.5582/ Ps24.5541/ Using bank quotes from the previous question and assuming you have $3,000,000 in funds available for arbitrage calculate the triangular arbitrage profit/loss, by going first to Peso. (Use negative sign for losses; do not round intermediate calculations: round your final answer to the nearest dollar)

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