Using triangle arbitrage, The exchange rates in New York

Using triangle arbitrage

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Reference no: EM13947258

The exchange rates in New York for $1 are C$1.112 and £0.8309. A dealer is offering the following quote: C$1 will buy £0.8922. What is the profit you can earn on $13,160 using triangle arbitrage? Enter your answer round off two decimal points.

Reference no: EM13947258

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Using triangle arbitrage : The exchange rates in New York for $1 are C$1.112 and £0.8309. A dealer is offering the following quote: C$1 will buy £0.8922. What is the profit you can earn on $13,160 using triangle arbitrage?

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