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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 | ||
Bid | Ask | Bid | Ask | |
Chinese yuan | A$0.3040 | A$0.3209 | A$0.3405 | A$0.3674 |
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