Question
The quoted bid rate for the Canadian Dollar in Danish Krone is 5.1703 DKK/CAD.The quoted ask rate for the Canadian Dollar in Danish Krone is
The quoted bid rate for the Canadian Dollar in Danish Krone is 5.1703 DKK/CAD.The quoted ask rate for the Canadian Dollar in Danish Krone is 5.1763 DKK/CAD.The bid rate of the DKK is $0.1456/DKK.The ask rate of the CAD is $0.7526/CAD.Calculate a cross DKK/CAD ask rate. Based on the calculated DKK/CAD ask rate, briefly explain whether triangular arbitrage profits are possible.
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The Critical Handbook Of Money Laundering Policy Analysis And Myths
Authors: Petrus C. Van Duyne, Jackie H. Harvey, Liliya Y. Gelemerova
1st Edition
1137523972, 978-1137523976
