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Travelex Australia provides the following three exchange rates. You assume that there is a triangular arbitrage profit opportunity exists based on the following three quotations.
Travelex Australia provides the following three exchange rates. You assume that there is a triangular arbitrage profit opportunity exists based on the following three quotations. Calculate the arbitrage profit in percentage. (enter the two decimal number without sing or symbol). Exchange rates bid price ask price Value of a Chinese yuan (CNY) in Australian dollars (A$) A$0.2009 A$0.2248 Value of a Malaysian ringgit (MYR) in Australian dollars (A$) A$0.3019 A$0.3261 Value of a Malaysian ringgit (MYR) in Chinese yuan (CNY) CNY1.7837 CNY1.9794
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