How large would transactions costs have to be as a percentage of the principal to make triangular

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How large would transactions costs have to be as a percentage of the principal to make triangular arbitrage between the exchange rates S$/€ = $0.9000/€, S$/¥ = $0.009000/¥, and S¥/€ = ¥101.00/€ unprofitable?

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Multinational Finance Evaluating Opportunities Costs and Risks of Operations

ISBN: 978-1118270127

5th edition

Authors: Kirt C. Butler

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Question Posted: Mar 25, 2016 07:11 AM

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How large would transactions costs have to be as a percentage of the principal to make triangular

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Multinational Finance Evaluating Opportunities Costs and Risks of Operations

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