What will be your profit from implementing this strategy, Financial Management

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What will be your profit from implementing this strategy

Assume the following information:

Exchange rate of Singapore dollar in USD = 0.32 USD/SGD

Exchange rate of pound in USD = 1.45 USD/GBP

Exchange rate of pound in Singapore dollars = 4.88 SGD/GBP

If you have 1 million USD to conduct one cycle of triangular arbitrage, what will be your profit?

2. Assume the following information:

USD/AUD, bid/ask: 0.66 / 0.69

USD/MXP, bid/ask: 0.071 / 0.077

MXP/AUD, bid/ask: 8.15 / 8.34

Assume you have 1 million USD to conduct one cycle of triangular arbitrage. What will be your profit from implementing this strategy? Remember to pay careful attention whether you're trading at the bid or the ask with the bank.

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