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We have information about following exchange rates: E USD / MXN = 0 . 0 1 5 USD / MXN E USD / CAD =

We have information about following exchange rates:

E USD

/

MXN

= 0.015

USD

/

MXN

E USD

/

CAD

= 0.80

USD

/

CAD

E CAD

/

MXN

= 0.0125

CAD

/

MXN

Is there a possibility of arbitrage?

Let suppose that an investor has

1

million USD. What profit she

/

he can make?

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