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Q1 (20 marks) Canadian-Equivalent Currency per US $ Swiss (france) 0.9377 1.06644 Hong Kong (HK$) 0.1731 5.77701 Brazil (Real) 0.5858 1.70707 Compute with all the

Q1 (20 marks)

	Canadian-Equivalent	Currency per US $
Swiss (france)	0.9377	1.06644
Hong Kong (HK$)	0.1731	5.77701
Brazil (Real)	0.5858	1.70707

Compute with all the steps of buying one Brazilian Real by using Swiss franc.

Comment on the nature of the trade.

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