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In search of arbitrage profits in the forex market, you ring ANZ bank and Commonwealth bank. Both are Australia commercial bank. These two banks offer
- In search of arbitrage profits in the forex market, you ring ANZ bank and Commonwealth bank. Both are Australia commercial bank. These two banks offer you the following quotes for the USD at the same time:
| UOB Bank | MYR/USD 1.1650-1.1670 |
| HSBC Bank | MYR/USD 1.1640-1.1660 |
Illustrate your calculation start with RM1 million. Can you make an arbitrage profit with these quotes?
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
