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You have the following financial market information. You also have 1.36 million Australian dollar (A$) or 3.65 million Thai baht (THB) to make a profit

You have the following financial market information. You also have 1.36 million Australian dollar (A$) or 3.65 million Thai baht (THB) to make a profit due to covered interest arbitrage (CIA). Calculate the profit in A$ 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$0.0428

A$0.0610

THB one-year forward rate

A$0.0498

A$0.0665

A$ spot rate

THB22.1521

THB24.8818

A$ one-year forward rate

THB27.7236

THB29.9619

Deposit rate

Loan rate

Interest rate on A$

2.15%

4.13%

Interest rate on THB

6.17%

8.77%

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