Question
As a foreign exchange trader, you see the following quotes for Canadian dollars (CAD), U.S. dollars (USD), and Mexican pesos (MXN): USD0.7047/CAD MXN6.4390/CAD MXN8.7535/USD Can
As a foreign exchange trader, you see the following quotes for Canadian dollars (CAD), U.S. dollars (USD), and Mexican pesos (MXN):
USD0.7047/CAD
MXN6.4390/CAD
MXN8.7535/USD
Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in USD. Assume you have an initial USD10,000,000
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
