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1 Question 5: Great Pyramids (5 marks) 2 3 Inspired by his recent trip to the Great Pyramids, Citibank trader Ruminder Dhillon wonders if he
1 Question 5: Great Pyramids (5 marks) 2 3 Inspired by his recent trip to the Great Pyramids, Citibank trader Ruminder Dhillon wonders if he can make 4 an intermarket arbitrage profit using Libyan dinars and Saudi riyals. He has $1,000,000 to work with so he 5 gathers the following quotes: 7 Citibank quotes U.S. dollar per Libyan dinar. 8 National Bank of Kuwait quotes Saudi riyal per Libyan dinar. 9 Barclay quotes U.S. dollar per Saudi riyal: 10 USD1.9324 = LYD1.00 SAR 1.9405 = LYD1.00 USDO.2667 = SAR1.00
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