Please show the step-by-step calculations in excel format. Thank you

As a speculator in the fi nancial markets you notice that for the last few minutes Swiss francs are being quoted in New York at a price of $0.5849 and in Frankfurt at $0.5851. i. Assuming that you have access to international trading facilities, what action might you take? (5 marks) ii. What would be the effect of your actions and those of other speculators on these exchange rates