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Calculate the profit for malaysian

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Problem 1: Assume you are a Malaysian investor with MYR100,000 to invest. You notice that Bank A is buying MYR at MYR4.8180/EUR and selling MYR at MYR4.8170/EUR. Similarly, you observe that Bank B is buying SGD at MYR2.8530/SGD and is willing to sell SGD at 3.1730/SGD. Next, you find that Bank C is selling EUR at SGD1.5170/EUR and willing to buy EUR at 0.033% below the selling price. Calculate the profit.

Reference no: EM132746136

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