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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 if you have A$1.66 million or MYR2.41 million or CNY3.59 million. (enter the whole number without sing or symbol).

Exchange rates

bid price

ask price

Value of a Chinese yuan (CNY) in Australian dollars (A$)

A$0.2000

A$0.2240

Value of a Malaysian ringgit (MYR) in Australian dollars (A$)

A$0.3003

A$0.3291

Value of a Malaysian ringgit (MYR) in Chinese yuan (CNY)

CNY1.7480

CNY1.9428

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