VERY URGENT PLSS HELP Question 3 Ms. Saravathy, a FOREX trader has RM2,500,000 to invest in the FOREX markets. She is looking for any opportunity to arbitrage by exploring on the following information. Exchange rate:

Bangkok

	Bid	Ask
S w i s sF r a n c( S F )	SF0.3243/RM	SF0.3233/RM

Manila

	Bid	Ask
S w i s sF r a n c( S F )	SF0.3225/RM	SF0.3196/RM

Kuala lumpur

	Middle Rate
Euro ()	0.2553/RM

Singapore

	Middle Rate
Sterling Pound()	0.2023/RM

Sydney

	Middle Rate
Euro ()	1.2645/

a. Can Ms. Saravathy make geographic arbitrage profit with the exchange rate quotes between Forex market in Bangkok and in Manila and how much? (4 Marks)

Subject: international finance