The exchange rates in New York are: $1 = AUD 1.113 and $1 = 0.658 A dealer
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Question:
The exchange rates in New York are: $1 = AUD 1.113 and $1 = 0.658
A dealer is offering a quote: AUD 1 = 0.7617.
What is the profit you can earn on $24,541 using triangle arbitrage?
You are given the following quotes:
U.S. dollar/Brazilian Real = 0.3027
U.S. dollar/Australian Dollar = 0.7643
U.S dollar/Chinese Yuan = 0.1434
What is the Brazilian Real/Chinese Yuan cross rate?
Related Book For
Statistics The Exploration & Analysis Of Data
ISBN: 9780840058010
7th Edition
Authors: Roxy Peck, Jay L. Devore
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