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At the start of April 2019 (1/ April 2019), the spot rate of CAD/AUD (AUD per 1 CAD) was 1.0522 (bid) 1.0530 (ask). The current

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At the start of April 2019 (1/ April 2019), the spot rate of CAD/AUD (AUD per 1 CAD) was 1.0522 (bid) 1.0530 (ask). The current quotes for CAD/USD and AUD/USD are as follows USD/CAD AUD/USD 1 April 2019 Bid Ask Bid Ask Spot 1.3326 1.3330 0.7173 1 Months Forward -9 -8 4 -20 -18 2 Months Forward -28 3 Months Forward 13 14 -29 6 Months Forward -57 -54 26 28 103 9 Months Forward -107 54 57 If interest rate of Canada is 1.75, interest rate of Australia is 1.25 and interest rate of USD is 2.30 is there an arbitrage opportunity? If yes, how much profit? At the start of April 2019 (1/ April 2019), the spot rate of CAD/AUD (AUD per 1 CAD) was 1.0522 (bid) 1.0530 (ask). The current quotes for CAD/USD and AUD/USD are as follows USD/CAD AUD/USD 1 April 2019 Bid Ask Bid Ask Spot 1.3326 1.3330 0.7173 1 Months Forward -9 -8 4 -20 -18 2 Months Forward -28 3 Months Forward 13 14 -29 6 Months Forward -57 -54 26 28 103 9 Months Forward -107 54 57 If interest rate of Canada is 1.75, interest rate of Australia is 1.25 and interest rate of USD is 2.30 is there an arbitrage opportunity? If yes, how much profit

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