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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.
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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