If Given, USD-JPY 104.9400 USD-CAD 1.3304 Find the cross rate between CAD and JPY Find the USD/JPY
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Question:
If Given,
USD-JPY 104.9400
USD-CAD 1.3304
- Find the cross rate between CAD and JPY
- Find the USD/JPY and USD/CAD
- Based on rate above, is the cross rate between CAD and JPY what you expected it to be? ( We learned about triabgular arbitrage, and we know that most of the time triangular arbitrage is not feasible because if it is, market force will be at work to correct it)
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