Question
Uhtred Ragnarsson finished his study in Australia and planning to visit Bangladesh for a holiday within a week. He has 5000 Australian Dollars which will
Uhtred Ragnarsson finished his study in Australia and planning to visit Bangladesh for a holiday within a week. He has 5000 Australian Dollars which will give him 275400 Bangladeshi Taka. He has a transit in Canada where he will be able to buy a Canadian Dollar for 1.05 Australian Dollars. He also found out that 1 Canadian Dollar is worth of 60.60 Bangladeshi Taka.
Required: From the above information, explain how Uhtred can get more Bangladeshi Taka by exchanging his Australian Dollars. Should he exchange directly or is there an alternative way to exploit the discrepancies. Please describe the strategy if any and state the differences in numbers. (You must include all necessary calculations).
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