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Appreciate your assistance and provide the solution with details to guide me. Thanks you Travelex Australia provides the following three exchange rates. You assume that

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Appreciate your assistance and provide the solution with details to guide me. Thanks you

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Travelex Australia provides the following three exchange rates. You assume that there is a triangular arbitrage profit opportunity exists based on the following three quotations. Calculate the arbitrage profit if you have A$1.88 million or MYR2.32 million or CNY3.78 million. (enter the whole number without sing or symbol). Exchange rates bid price ask price Value of a Chinese yuan (CNY) in Australian dollars (A$) A$0.2060 A$0.2251 Value of a Malaysian ringgit (MYR) in Australian dollars (A$)A$0.3027 A$0.3217 Value of a Malaysian ringgit (MYR) in Chinese yuan (CNY) CNY1.7396 CNY1.9804

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