Question: how did he get 93,643 as profit? 13. Triangular Arbitrage [Ans: 93,643 profit) (Ch. 5) The Singapore dollar-U.S. dollar (S$/$) spot exchange rate is S$1.60/$,

how did he get 93,643 as profit?

13. Triangular Arbitrage [Ans: 93,643 profit) (Ch. 5) The Singapore dollar-U.S. dollar (S$/$) spot exchange rate is S$1.60/$, the Canadian dollarU.S. dollar (CD/$) spot rate is CD1.33/$ and the S$/CD1.10. Determine the triangular arbitrage profit that is possible if you have $1,000,000

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