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Otondo , a currency trader in East African Community, has ksh 400,000. He wishes to...

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Finance

  1. Otondo , a currency trader in East African Community, has ksh 400,000. He wishes to assess his triangular arbitrage by moving to Uganda, and Tanzania. The exchange rate quotes from the currency convertor was:

32TZ/1 KES

20UGH/IKES

Agreed exchange rate between Uganda shillings and Tanzania shilling was 1.5 UGH /1TZ

Compute the results. Explain your results

Answer & Explanation Solved by verified expert
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