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You have the following quotations for the Chinese yuan (CNY) and the Australian dollar (A$) at the HSBC Bank in China and National Australia Bank
You have the following quotations for the Chinese yuan (CNY) and the Australian dollar (A$) at the HSBC Bank in China and National Australia Bank in Australia. Can you make a locational arbitrage profit? If yes, calculate the arbitrage profit if you have A$1.76 million or CNY3.42 million. (enter the whole number without sign or symbol) Currency HSBC in China National Australia Bank in Australia Bid Ask Bid Ask Chinese yuan A$0.2010 A$0.2230 A$0.2420 A$0.2673 Australian dollar CNY4.4221 CNY4.9632 CNY3.8255 CNY4.1641
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