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Use the following 3 quotations for the following 3 questions on triangular arbitrage Quotation 1: AUD: USD0.74942 Quotation 2: HKD: USD0.12896 Quotation 3: HKD: AUD0.1800

Use the following 3 quotations for the following 3 questions on triangular arbitrage

Quotation 1: AUD: USD0.74942

Quotation 2: HKD: USD0.12896

Quotation 3: HKD: AUD0.1800

What is the complete trading direction to conduct triangular arbitrage in this situation?

A. HKD ==> USD ==> AUD ==> USD

B. AUD ==> USD ==> HKD ==> AUD

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