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The exchange rate for the US and Jamaica is currently quoted at 1 4 4 . 8 6 JMD / US$ . The exchange rate
The exchange rate for the US and Jamaica is currently quoted at JMDUS$ The exchange rate between the US and the Japanese Yen is quoted as YenUS$ The exchange rate between the Japanese Yen and the Jamaican dollar is quoted at YenJMD If you have a million US dollars, is there an opportunity for arbitrage assuming you can buy or sell at these rates?
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Yes, buy the Jamaican Dollar, exchange to Yen, then back to USD.
Yes, buy the Yen, exchange to the Jamaican Dollar, then back to USD.
No there is no arbitrage.
Either way.
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