Using triangle arbitrage, How much profit can you earn on

Using triangle arbitrage

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Reference no: EM131981777

1) You visited Switzerland over summer and brought back 7,530.25 swiss francs to the United States. How many U.S. dollars will you get if you exchange your swiss francs for U.S. dollars? The exchange rate is 1 U.S dollar = 1.1416 swiss francs. Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

2) 1 U.S dollar equals 1.0915 Swiss francs. 8,383 U.S dollars are equal to how many swiss francs? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

3) In New York, you can exchange $1 for €0.8026 or £0.6149. Suppose that, in Berlin, £1 costs €1.1814. How much profit can you earn on $40,116 using triangle arbitrage? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM131981777

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