Sppose bank x is quoting aud 05838 eur bid and aud 05840
Suppose Bank X is quoting AUD 0.5838 / EUR Bid and AUD 0.5840 / EUR Ask and Bank Y is quoting AUD 0.5845 / EUR Bid and AUD 0.5848 / EUR Ask. What is the arbitrage profit in terms of AUD if you simultaneously buy and sell 1,000,000 EUR?
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as of today the spot exchange rate is usd 160 eur and the expected inflation rates for next year are 197 in the us and
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suppose bank x is quoting aud 05838 eur bid and aud 05840 eur ask and bank y is quoting aud 05845 eur bid and aud
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