What would be your profit if you use 1 million usd and


1. Assume the following information: Exchange rate of Singapore dollar in USD = 0.32 USD/SGD Exchange rate of pound in USD = 1.47 USD/GBP Exchange rate of pound in Singapore dollars = 4.71 SGD/GBP If you have 1 million USD to conduct one cycle of triangular arbitrage, what will be your profit?

2. Bank X quotes an ask of 0.32 USD/NZD, with a bid-ask spread of 1 %.

Bank Y quotes an ask of 0.36 USD/NZD, with a bid-ask spread of 1.8 %.

Given this information, what would be your profit if you use 1 million USD and execute one cycle of locational arbitrage?

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Financial Management: What would be your profit if you use 1 million usd and
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