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The following is a matrix of foreign exchange rates: So for example, 1 Euro = 1.145 USD. And hence 1 USD = 1/1.145 EUR. Use

The following is a matrix of foreign exchange rates:

image text in transcribedSo for example, 1 Euro = 1.145 USD. And hence 1 USD = 1/1.145 EUR. Use network theory and determine if there is arbitrage opportunity in the currency market.

EUR GBP 0.8725 CHF 1.1379 1.3041 USD 1.145 1.3122 1.0063 AUD 1.5745 1.8044 1.3837 1.3751 EUR GBP CHF USD AUD CAD HKD INR JPY CAD 1.5052 1.725 1.3228 1.3146 0.956 HKD 8.9846 10.2969 7.896 7.8469 5.7064 5.9691 INR 81.2662 93.1355 71.4194 70.975 51.615 53.9906 9.045 JPY 124.5984 142.7965 109.5011 108.8198 79.1367 82.7791 13.868 1.5332 EUR GBP 0.8725 CHF 1.1379 1.3041 USD 1.145 1.3122 1.0063 AUD 1.5745 1.8044 1.3837 1.3751 EUR GBP CHF USD AUD CAD HKD INR JPY CAD 1.5052 1.725 1.3228 1.3146 0.956 HKD 8.9846 10.2969 7.896 7.8469 5.7064 5.9691 INR 81.2662 93.1355 71.4194 70.975 51.615 53.9906 9.045 JPY 124.5984 142.7965 109.5011 108.8198 79.1367 82.7791 13.868 1.5332

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