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Is triangular arbitrage possible? You can buy a euro for 14 Mexican pesos. The bank will pay you 13 pesos for a euro. You can

Is triangular arbitrage possible?

You can buy a euro for 14 Mexican pesos.

The bank will pay you 13 pesos for a euro.

You can buy a U.S. dollar for 0.9 euros.

The bank will pay you .8 euros for a U.S. dollar. You can buy a U.S. dollar for 10 pesos.

The bank will pay you 9 pesos for a U.S. dollar.

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