Question: Ultimate goal? Determine if Triangular Arbitrage is possible or not. State whether yes or no. Step 1) Exchange dollars for Thai baht Step 2) Convert

Ultimate goal? Determine if Triangular Arbitrage is possible or not. State whether yes or no.

Step 1) Exchange dollars for Thai baht

Step 2) Convert the Thai baht into Japanese yen

Step 3) Convert the Japanese yen into dollars

Step 4) Determine the Dollar Profit/Loss

MINZU BANK SOBAT BANK Bid $.0224 $.0228 Ask $.0227 $.0229

QUOTED BID PRICE QUOTED ASK PRICE Value of a Japanese $.0085 $.0086 yen in U.S. dollars Value of a Thai baht in 2.69 2.70 Japanese yen

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