Question
Bank A quotes a bid rate of $0.0220 and an ask rate of $0.023 for the Thai Baht (THB). Bank B quotes a bid rate
Bank A quotes a bid rate of $0.0220 and an ask rate of $0.023 for the Thai Baht (THB). Bank B quotes a bid rate of $0.024 and an ask rate of $0.026 for the baht. What will be the (approximate) profit for an investor who has $500,000 available to conduct arbitrage?
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Financial Statements
Authors: Inc. BarCharts
1st Edition
1423223837, 978-1423223832
