Given the following quotations on the real$-$time on$-$screen display in the three foreign exchange markets.

spotted by currency dealers. If you are working with a capital of $$1,000,000,$ Is there an arbitrage

opportunity? Support your answer.

Hong Kong: Ask $$/$HK $=$$$0\mathrm{.}5251/$HK

NY: Bid $$/$SF $=$$$0\mathrm{.}5422/$SF

Zurich Ask : HK$/$SF $=$HK$0\mathrm{.}6650/$SF