The bid rate of the new zealand dollar is 323 while the ask


You observed the bid rate of a New Zealand dollar is $.332 while the ask rate is $.334 at Bank X. The bid rate of the New Zealand dollar is $.323 while the ask rate is $.325 at Bank Y. What would be your dollar amount profit if you use $2,000,000 to execute locational arbitrage?

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Finance Basics: The bid rate of the new zealand dollar is 323 while the ask
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