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Your electronic trading platform shows the following spot exchange rates minutes before the close of trading on the Singapore FX market for the Thai Baht,
Your electronic trading platform shows the following spot exchange rates minutes before the close of trading on the Singapore FX market for the Thai Baht, Singapore Dollar and the British Pound Sterling. If possible, design a triangular set of FX trades you can execute immediately that will generate a profit. Start by assuming you have GBPs and must end up with GBPs to repay your line of credit. Fill in the table below with your trades.
Currency Bought? | Amount Received? |
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Spot Rates on the Tokyo FX Market S(EUR/ZAR) S(ZAR/CAD)ZAR3.7/CAD S(EUR/CAD) 0.25/ZAR 0.9/CAD
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