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You can trade Canadian dollars (CAD), U.S. dollars (USD), and Mexican pesos (MXN) at these rates: USD0.7047/CAD MXN6.4390/CAD MXN8.7535/USD Is there an arbitrage opportunity, and
You can trade Canadian dollars (CAD), U.S. dollars (USD), and Mexican pesos (MXN) at these rates:
USD0.7047/CAD
MXN6.4390/CAD
MXN8.7535/USD
Is there an arbitrage opportunity, and if so, how would you exploit it?
What would be your arbitrage profit in USD if the first step of your arbitrage transaction was the purchase or sale of USD 1,000,000?
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