Question: Inspired by his recent trip to the Great Pyramids, Citibank trader Ruminder Dhillon wonders if he can make an intermarket arbitrage profit using Libyan Dinars (LYD) and Saudi riyals (SAR). He has USD 1,000,000 to work with so he gathers the following quotes. Is there an opportunity for an arbitrage profit?

Citibank quotes U.S. dollar per Libyan dinar ---> $1.9324 = LYD 1.00

National bank of Kuwait quotes Saudi riyal per Libyan dinar ---> SAR 1.9405 = LYD 1.000

Barclay quotes U.S. dollar per Saudi riyal ---> $0.2667 = SAR 1.00