An emergency can anyone assist me to solve this : Donny is an exchange rate...
80.2K
Verified Solution
Link Copied!
Question
Accounting
An emergency can anyone assist me to solve this :
Donny is an exchange rate trader based in Kuala Lumpur. He has received this information on the exchange rates quoted by 3 different banks as follows:
Bid
Bank A (MYR/SGD)
3.0680
3.0701
Bank B (USD/SGD)
0.7220
0.7451
Bank C (MYR/USD)
4.2754
4.3456
Assume that he has MYR200,000 to be used as a starting amount to benefit from this pricing discrepancy. Calculate the triangular arbitrage profit. (13 marks)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
