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5 7 . Assume the following information for a bank quoting on spot exchange rates: Exchange rate of Singapore dollar in U . S .
Assume the following information for a bank quoting on spot exchange rates:
Exchange rate of Singapore dollar in US $ $
Exchange rate of pound in US $ $
Exchange rate of pound in Singapore dollars S$
Based on the information given, as you and others perform triangular arbitrage, what should
logically happen to the spot exchange rates?
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