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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

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)

Currency

HSBC in China

National Australia Bank in Australia

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Bid

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Chinese yuan

A$0.3040

A$0.3209

A$0.3405

A$0.3674

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