1. Identify all three triangular arbitrage opportunities and calculate their arbitrage profit among the following three currencies. You may start with a 1,000,000 units of the initial currency and round your calculations up to two decimals.
Exchange rate
Bank A
EURNZD 1.7038
Bank B
NZDUSD 0.7219
Bank C
EURUSD 1.2
2. 1.Identify all three triangular arbitrage opportunities and calculate their arbitrage profit among the following three currencies. You may start with a 1,000,000 units of the initial currency and round your calculations up to two decimals.
Exchange rate
Bank A
EURNZD 1.7038
Bank B NZDUSD 0.7219
Bank C
EURUSD 1.2