You become aware of the following spot rate quotes at the lo…
You become aware of the following spot rate quotes at the local bank: Bid Ask $0.9300/A$ $0.9302/A$ $1.2112/€ $1.2125/€ A$1.3099/€ A$1.3105/€ How much triangular arbitrage profit would you make if you had access to $1,000,000?