Question: Q3 Using the following quotations: AUD / USD 0.7482 / 0.7485 USD / ZAR 14.6767 / 14.6899 AUD / ZAR 10.9847 / 10.9930 With 1000

Q3 Using the following quotations: AUD / USD 0.7482 / 0.7485 USD / ZAR 14.6767 / 14.6899 AUD / ZAR 10.9847 / 10.9930

With 1000 AUD, look for triangular arbitrage opportunities. What are the results of your attempts? NOTE: You must check two different alternatives - answer as part (a) and then part (b). Answer is to be in AUD (how much currency do you have after the series of transactions). The answer must be accurate to 2 decimal places.

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