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What is the chinese yuan-australian dollar cross rate

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Reference no: EM132144552

You are given the following quotes:

U.S. dollar/Mexican Peso = 0.4637

U.S. dollar/Australian Dollar = 0.6921

U.S dollar/Chinese Yuan = 0.1825

What is the Chinese Yuan/Australian Dollar cross rate?

How to find net float if ABC Company writes 53 checks a day for an average amount of $756 each. These checks generally clear the bank in 5 days. In addition, the firm generally receives an average of$14636 a day in checks that are deposited immediately. Deposited funds are available in 1 day.

The exchange rates in New York are: $1 = AUD 1.2591 and $1 = £0.6047 A dealer is offering a quote: AUD 1 = £0.7668.What is the profit you can earn on $11515 using triangle arbitrage?

Reference no: EM132144552

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