1 in new york you can exchange 1 for euro08355 or, Ask an Expert

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1. In New York, you can exchange $1 for €0.8355 or £0.6006. Suppose that, in Berlin, £1 costs €1.1722. How much profit can you earn on $28,394 using triangle arbitrage?

2. Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.0456 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.1005 euros. What is the cross-rate of euros to Swiss francs (Euro/SF)?

3. You can exchange $1 for either C$1.1368 or ¥115.22. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for ¥ per C$.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92816548

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