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You are given the following quotes from 3 different banks: Bid Ask 1 EUR 1.62 AUD 1.63 AUD 1 GBP 1.83 AUD 1.84 AUD 1

You are given the following quotes from 3 different banks:

Bid Ask

1 EUR 1.62 AUD 1.63 AUD

1 GBP 1.83 AUD 1.84 AUD

1 EUR 0.88 GBP 0.9 GBP

Starting with 50.000 AUD, could you make a profit from triangular arbitrage? Show all steps leading to a gain/loss from the two potential arbitrage scenarios .

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