Question
You are given these quotes by the bank: You can sell Australian dollars (A$) to the bank for: $0.690 USD/A$ You can buy Australian dollars
You are given these quotes by the bank:
You can sell Australian dollars (A$) to the bank for: $0.690 USD/A$
You can buy Australian dollars from the bank for: $0.720 USD/A$
The bank is willing to buy dollars for this euro amount per USD 0.89 Euros/USD
The bank is willing to sell dollars for this euro amount per USD 0.93 Euros/USD
The bank is willing to buy Australian dollars for this amount of euros per A$ 0.63 Euros/A$
The bank is willing to sell Australian dollars for this amount of euros per A$ 0.67 Euros/A$
Initial investment $100,000
You have $100,000 (USD).Estimate your profit or loss if you would attempt triangular arbitrage by converting your dollars to euros, then convert euros to Australian dollars and then convert the Australian dollars to US dollars.
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