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You have the following financial market information. You also have 1.88 million Australian dollar (A$) or 3.14 million Thai baht (THB) to make a profit

You have the following financial market information. You also have 1.88 million Australian dollar (A$) or 3.14 million Thai baht (THB) to make a profit due to covered interest arbitrage (CIA). Calculate the profit in A$ or THB if the CIA opportunity exists in the market. (enter the whole number without sign and symbol)

Bid price

Ask price

THB spot rate

A$0.0464

A$0.0682

THB one-year forward rate

A$0.0425

A$0.0634

A$ spot rate

THB22.4037

THB24.2606

A$ one-year forward rate

THB27.6528

THB29.6897

Deposit rate

Loan rate

Interest rate on A$

2.70%

4.58%

Interest rate on THB

6.98%

8.23%

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