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You observe the following quotes: 1 GBP = 1.29 USD (1); 1 MXN = 0.052 USD (2); and 1 GBP = 30 MXN (3) Is

You observe the following quotes: 1 GBP = 1.29 USD (1); 1 MXN = 0.052 USD (2); and 1 GBP = 30 MXN (3) Is there triangular arbitrage opportunity? How much would the arbitrage profit be if you have $1 million USD to start with?

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