Question
You currently have 20,000 Rands from your recent trip to South Africa. You visit the exchange center to convert your Rands to USD. You know
You currently have 20,000 Rands from your recent trip to South Africa. You visit the exchange center to convert your Rands to USD. You know that you will visit Mexico soon and will need quite a few pesos. You observe the following exchange rates. What is your best course of action?
1 USD = 13 MXP
1 USD = 2.5 ZAR
1 ZAR = 5 MXP
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Handbook Of Hedge Funds
Authors: François-Serge Lhabitant
1st Edition
0470026634, 978-0470026632
