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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$1.52 million or CNY3.60 million. (enter the whole number without sign or symbol)

Currency

HSBC in China

National Australia Bank in Australia

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Chinese yuan

A$0.2014

A$0.2201

A$0.2446

A$0.2628

Australian dollar

CNY4.3840

CNY4.8602

CNY3.8024

CNY4.0750

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