Currently, you can exchange $1 for either ¥107.20 or €.7622 in New York. In Tokyo, the exchange rate is ¥/€.0074. If you have $1,750, how much profit can you earn with triangle arbitrage?
Steps for Triangular arbitrage are:
Convert Dollar into Yen and get 1,750*107.20 = Yen 187,600
Convert Yen into Euro and get 187,600*0.0074 = Euro 1,388.24
Convert Euro back into Dollar 1,388.24/0.7622 = $1,821.36
Arbitrage profit = 1,821.36-1,750
= $71.36
Currently, you can exchange $1 for either ¥107.20 or €.7622 in New York. In Tokyo, the...
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melpSave & CXIT SL Currently, you can exchange $1 for either $105.90 or €7562 in New York. In Tokyo, the exchange rate is 1€.0076. If you have $1,250, how much profit can you earn with triangle arbitrage? Ο Ο $84.63 Ο $80.40 Ο $8934 Ο $10050 Ο
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