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Assume the following information for the Brazilian real (BRL): Bank Bid Price Ask Price A $0.1750 $0.1850 B $0.1880 $0.1980 Is locational arbitrage possible? If
Assume the following information for the Brazilian real (BRL):
Bank | Bid Price | Ask Price |
A | $0.1750 | $0.1850 |
B | $0.1880 | $0.1980 |
Is locational arbitrage possible? If so, how much is your profit in USD if you start with $1,000,000?
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