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You have the following three quotes from three different banks. If you have USD1,000, how much can you make from this arbitrage opportunity? MXN =

image text in transcribed You have the following three quotes from three different banks. If you have USD1,000, how much can you make from this arbitrage opportunity? MXN = Mexican Peso; INR = Indian Rupee. - Bank X: MXN 17.50/USD. - Bank Y: INR 85.50/USD. - Bank Z: MXN 0.18/INR $97.22. $17.50. $180. $137.10. $15.39. $85.50. $175.00

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