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What is the cross-exchange rate

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Reference no: EM133148560

Question - Consider the three banks that provided the following quotations for the U.S. dollar, Japanese yen and Russian ruble:

Quoted Mid Price

Citibankà Value of a Japanese yen in U.S. dollars (¥/$) $0.0085

JP Morgan à Value of a Russian ruble in U.S. dollars (RUB/$) $0.0226

Mizuho Bank àValue of a Russian ruble in Japanese yen (RUB/¥) ¥2.69

a) What is the cross-exchange rate between the Russian ruble and Japanese Yen?

b) Is there a triangular arbitrage opportunity?

Reference no: EM133148560

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