Question
Assume the following information: Exchange rate of Singapore dollar in USD = 0.33 USD/SGD Exchange rate of pound in USD = 1.51 USD/GBP Exchange rate
Assume the following information:
Exchange rate of Singapore dollar in USD = 0.33 USD/SGD
Exchange rate of pound in USD = 1.51 USD/GBP
Exchange rate of pound in Singapore dollars = 4.83 SGD/GBP
If you have 1 million USD to conduct one cycle of triangular arbitrage, what will be your profit?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
