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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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