DBS Bank in Singapore and Malayan Banking Berhad (MBB) in Malaysia give quotes for Malaysian ringgit (MYR), Singapore dollar (SGD) and Thai baht (THB) as follow:

In Singapore at DBS:	Bid	Ask
Spot exchange rate for MYR	0.320 SGD	0.325 SGD
Spot exchange rate for THB	0.039 SGD	0.042 SGD
In Malaysia at MBB:	Bid	Ask
Spot exchange rate for SGD	3.147 MYR	3.159 MYR
Spot exchange rate for THB	0.125 MYR	0.133 MYR

Assume that you have 10,000 SGD. Is there an arbitrage opportunity? If so, explain clearly the order of the transactions that you would execute, and the SGD profit that you would earn, accurate to the nearest cent. If you cannot earn a profit from arbitrage, explain why.