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The current exchange rate for Norwegian Krone NK is $1.2234/NK and the current exchange rate for the South African Rand is SAR is $.8675/SAR. International
The current exchange rate for Norwegian Krone NK is $1.2234/NK and the current exchange rate for the South African Rand is SAR is $.8675/SAR. International investment if flowing toward South Africa due to a change in economic policies by the central government. Currently, the cross rate between the Krone and Rand is SAR 1.350931/NK, what profit opportunity exists if you start with $65,500,000? Use European or indirect quotes in your calcualtions. You must show your work in order to receive credit.
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