Question
Assume that a bank in London quotes USD1.60/GBP and another in New York quotes JPY81.0/USD. i. Compute the implied JPY/GBP exchange rate in to four
Assume that a bank in London quotes USD1.60/GBP and another in New York quotes JPY81.0/USD.
i. Compute the implied JPY/GBP exchange rate in to four decimal points with cross rate.
ii. If you have GBP64,800 now, compute the profit using triangular arbitrage.
question (ii) still cant find the right answer pls guide me
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The Almanack Of Stanley Druckenmiller From Over 40 Years Of Investing Wisdom With Quantum Fund And Duquesne Capital Management
Authors: Rui Zhi Dong
1st Edition
B0B3NV2H9M, 979-8850611453
