Suppose the Japanese yen exchange rate is 80 $1, and the British pound exchange rate is 1 $1 58 Suppose the cross rate is 129 1 What is the arbitrage profit per dollar used ...

Calculation of Arbitrage Profit When we use 1 to buy 1158 06329 ...

Suppose the Japanese yen exchange rate is 80 = $1, and the British pound exchange rate is

Question:

Suppose the Japanese yen is 80 = $1, and the British pound is 1 = $1.58. Suppose the cross-rate is 129 = 1. What is the arbitrage profit per dollar used?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...