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14 Based on the below 3 quotes, examine if any arbitrage gains are possible. If yes What is the cross-currency arbitrage opportunity for SGD 1

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Based on the below 3 quotes, examine if any arbitrage gains are possible. If yes What is the cross-currency arbitrage opportunity for SGD 1 milion? SGD/JPY - 64.85 (e. 1 SGD - 64.85 JPY) JPY/CHF -0.0113 (le 1 JPY -0.0113 CHF) SGD/CHF 0.7345 (Le 1 SGD - 0.7345 CHF) 65,000,000 YEN 0 2,313 SGD 734.500 CHF 1.400 AUD

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