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Ultimate goal? Determine if Triangular Arbitrage is possible or not. State whether yes or no. Step 1) Exchange dollars for Thai baht Step 2) Convert
Ultimate goal? Determine if Triangular Arbitrage is possible or not. State whether yes or no.
Step 1) Exchange dollars for Thai baht
Step 2) Convert the Thai baht into Japanese yen
Step 3) Convert the Japanese yen into dollars
Step 4) Determine the Dollar Profit/Loss
MINZU BANK SOBAT BANK Bid $.0224 $.0228 Ask $.0227 $.0229
QUOTED BID PRICE QUOTED ASK PRICE Value of a Japanese $.0085 $.0086 yen in U.S. dollars Value of a Thai baht in 2.69 2.70 Japanese yen
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