HKD1: USD0.1250

USD 1: JPY116.20

JPY 1: HKD 0.062

From quotation 1 and 2, what is the cross rate for JPY1 in HKD.

My answer is : 0.0689

Which is the correct way to conduct Triangular Arbitrage?

My answer: HKD --> USD --> JPY --> HKD

If you start with $1,000,000, after 1 round of Triangular Arbitrage, how much USD will you have (your capital Plus your profit)?

My answer: 900,550 (loss)

Is my answer correct???