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Inspired by her recent trip to the Great Pyramids, Citibank trader Rumer Willis wonders if she can make an intermarket arbitrage profit using Libyan dinars
Inspired by her recent trip to the Great Pyramids, Citibank trader Rumer Willis wonders if she can make an intermarket arbitrage profit using Libyan dinars and Saudi riyals. She has $1,000,000 to work with so she gathers the following quotes: (She can buy or sell at the stated rates.) Citibank quotes U.S. dollar per Libyan dinar: $1.9324/LYD National Bank of Kuwait quotes Saudi riyal per Libyan dinar: SAR 1.9405/LYD Barclay quotes U.S. dollar per Saudi riyal: $0.26667/SAR Based on triangular arbitrage, what is the amount of profit Rumer Willis will make in dollars
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