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You have the following quotations on the Chinese yuan (CNY) against the Australian dollar (A$) at the HSBC Bank in China and National Australia Bank

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You have the following quotations on the Chinese yuan (CNY) against 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 in percentage. (enter two decimal number without sign or symbol) National Australia Bank in Australia Currency HSBC in China Bid Ask Chinese yuan A$0.3091 A$0.3215 Bid Ask A$0.3493 A$0.3636

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