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Assume that Indonesia bank quotes as IDR294.00/THB, and Thailand bank quotes as THB9.8900/MYR. Determine the MYR/IDR exchange rate with using the cross rates. Mr. shen
- Assume that Indonesia bank quotes as IDR294.00/THB, and Thailand bank quotes as THB9.8900/MYR. Determine the MYR/IDR exchange rate with using the cross rates.
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Mr. shen is a foreign exchange trade is checking on his computer screen on todays foreign currency quotation. The following information is available:
MYR3.2400/USD
MYR2.2828/BND
BND1.4180/USD
Mr. shen has USD2,000,000 and determine a profit in four decimal point that he will have from using triangular arbitrage.
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