Question
If Bank A quotes x/y: 63.29-64.10, and Bank B quotes y/x: 0.0152-0.0154 (where x and y are two currencies), then are there profit opportunities for
If Bank A quotes x/y: 63.29-64.10, and Bank B quotes y/x: 0.0152-0.0154 (where x and y are two currencies), then are there profit opportunities for an individual who intends to buy/sell currencies to exploit? Explain your answer.
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Dark Finance
Authors: Fabio Mattioli
1st Edition
1503611655, 978-1503611658
