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Question 3 - 150 Words - 5 Marks The following exchange rate quotes on major currency pairs are obtained from the dailyfx.com website. Check if

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Question 3 - 150 Words - 5 Marks The following exchange rate quotes on major currency pairs are obtained from the dailyfx.com website. Check if there is an arbitrage opportunity with regard to the following currency pairs. Show your calculations and write your conclusions. EUR/USD 0.53% BULLISH 1.09979 1.09988 USD/JPY -0.20% BULLISH 117.949 117.959 GBP/USD -0.174 MIXED 1.30229 1.30238 USD/CAD 0.25 MIXED 1.28559 1.28580 NZD/USD 0.00% BEARISH 0.67447 0.67465 AUD/CAD +0.26% 0.92401 0.92441 CAD/JPY -0,45 91.734 91.754 CHF/JPY -0.14% 125.720 125.740 EUR/CAD 0.78% EUR/CHF 0.45 1.41384 141429 MIXED 1.03174 103194 EUR/JPY 0,328 BULLISH 129.718 129.739 GBP/CHF +0.118 1.22165 1.22195 USD/CHF -0.06% BULLISH 0.93809 0.93824 USD/NOK 0.24% 9.06476 9,06726 Currency Pairs - Set 1 EUR/USD 1.09979 (read this as 1 EUR = 1,09979 USD and follow the same for other quotes) USD/CAD 1.28559 EUR/CAD 1.41384 Currency Pairs - Set 2 USD/CHF 0.93809 USD/JPY 117.949 CHF/JPY 125.720

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