Question
You have MYR1983 from your trip to Malaysia and could exchange them for Australian dollars at the Kuala Lumpur airport. The Malaysian ringgit bid price
You have MYR1983 from your trip to Malaysia and could exchange them for Australian dollars at the Kuala Lumpur airport. The Malaysian ringgit bid price and ask price at the airport foreign exchange desk is A$0.3625 and A$0.4949, respectively. You have a plan to go to Singapore next week and will need Singapore dollars. The airport foreign exchange desk also offers A$0.7521 and A$0.8627 is a bid price and ask price, respectively, for the Singapore dollar. You met a tourist at the Kuala Lumpur airport, who is from Singapore and is on his way to Malaysia. He is willing to buy your MYR1983 for 838 Singapore dollars. How much can you make a profit or loss in the Singapore dollar if you accept the tourist's offer?
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