Take a screenshot using https://in.investing.com/currencies/ as these are updated continuously, sometimes even in milliseconds. Be sure to take the screenshot when the market is open. It should be normal working hours on the weekdays.

Choose three currency pairs with at least two of them having US dollars as one of the currencies. For three pairs, make sure there are no more than three currency types. Also, make sure the screenshot is not more than 72 hours old at the time of submission. With your chosen pairs, calculate arbitrage profit if any arbitrage opportunity exists. Assume you have $1,000,000 of arbitrage funds at your disposal.

If you are getting negative returns, you may not be following the correct process of using the bid or ask price for the currencies. You can also try changing the pair you start off to exchange US dollars with.

• Did you earn any arbitrage profit from these quotes? If yes, why? Will this profit be always available in the market?
• Assume the profit you earned was zero, what could be the reason for this?

Analysis

Following your screen shots, calculations, and explanations, complete the plan by detailing the following components:

• Currency Objectives - Describe and label the currencies used and which is the base currency position, and which is the second position
• Risk & Mitigation - Describe the risks and potential mitigations to the client in conducting triangular arbitrage
• Implications - How might changes in regulatory and monetary policies impact performance of this arbitrage plan?