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Triangular Arbitrage The Singapore dollarU.S. dollar (S$/$) spot exchange rate is S$1.60/$, the canadian dollarU.S. dollar (CD/$) spot rate is CD 1.33/$ and the S$/CD1.10.
Triangular Arbitrage
The Singapore dollarU.S. dollar (S$/$) spot exchange rate is S$1.60/$, the canadian dollarU.S. dollar (CD/$) spot rate is CD 1.33/$ and the S$/CD1.10.
Determine the triangular arbitrage profit that is possible if you have $1,000,000.
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