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 if you have A$1.54 million or CNY3.21 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$0.2025	A$0.2227	A$0.2412	A$0.2682

Answer: