Ultimate goal-determine if triangular arbitrage is possible

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Reference no: EM13924898

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

Reference no: EM13924898

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