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Value of new zealand dollar in us dollars

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Reference no: EM133000257

Triangular Arbitrage As of Sunday, October 27th, 2019, 02:50 pm (GMT) the following quotes apply.

Currency Quote

Value of Canadian dollar in U.S. dollars 0.7657

Value of New Zealand dollar in U.S. dollars 0.6349

Value of Canadian dollar in New Zealand dollars 1.229

Question: Given the information above, is "triangular arbitrage" possible? Why? Or Why not? If it is possible, explain the steps that would reflect the "triangular arbitrage" process and compute the potential profit from this strategy if you had 1,000,000 USD at your disposal to use for this purpose.

Reference no: EM133000257

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