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Question 1: The exchange rates in New York are: $1 = AUD 1.113 and $1 = 0.658 A dealer is offering a quote: AUD 1

Question 1:

The exchange rates in New York are: $1 = AUD 1.113 and $1 = 0.658

A dealer is offering a quote: AUD 1 = 0.7617.

What is the profit you can earn on $24,541 using triangle arbitrage?

Question 2:

You are given the following quotes:

U.S. dollar/Brazilian Real = 0.3027

U.S. dollar/Australian Dollar = 0.7643

U.S dollar/Chinese Yuan = 0.1434

What is the Brazilian Real/Chinese Yuan cross rate?

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