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Assume the following exchange rates: Quoted Price $.90 Value of Canadian dollar in U.S. dollars Value of New Zealand dollar in U.S. dollars $.31 Value
Assume the following exchange rates: Quoted Price $.90 Value of Canadian dollar in U.S. dollars Value of New Zealand dollar in U.S. dollars $.31 Value of Canadian dollar in New Zealand dollars NZ$3.00 Given this information, starting with U.S. dollar, you and others can perform triangular arbitrage by Here is a link to a blank spreadsheet that you might want to use for the test: blank excel worksheet.xlsx O using U.S. dollar to buy New Zealand dollar at $.31. using U.S. dollar to buy Canadian dollar at $.90. Using New Zealand dollar to buy Canadian dollar at NZ$3.00. Using U.S. dollar to buy Canadian dollar at NZ$3.00.
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