Estimate the difference between short-term interest rates in Mexico and the United States on February 4, 2004, from the information in Table 5.4.

5.14. The 2-month interest rates in Switzerland and the United States are, respectively, 3% and 8% per annum with continuous compounding. The spot price of the Swiss franc is $0.6500. The futures price for a contract deliverable in 2 months is $0.6600. What arbitrage opportunities does this create?