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National Bank quotes the following for the British pound and the New Zealand dollar: Quoted Quoted Bid Price Ask Price Value of a US dollar
National Bank quotes the following for the British pound and the New Zealand dollar:
| Quoted | Quoted |
| Bid Price | Ask Price |
Value of a US dollar in s | 0.620 | 0.625 |
Value of a New Zealand dollar (NZ$) in s | 0.310 | 0.315 |
Value of a US dollar in New Zealand dollars | NZ $2.20 | NZ $2.25 |
Assume you have 10,000 to conduct triangular arbitrage. What is your profit from implementing this strategy?
1,340 | ||
1,250 | ||
1,253 | ||
1,160 |
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