Question : Swiss franc/dollar = SFr1.5971?$
Australian dollar/U.S. dollar : 2414
Swiss franc/dollar = SFr1.5971?$
Australian dollar/U.S. dollar = A$1.8215/$
Australian dollar/Swiss franc = A$1.1440/SFr
Ignoring transaction costs, does Doug Bernard have an arbitrage opportunity based on these quotes? If there is an arbitrage opportunity, what steps would he take to make an arbitrage profit, and how would he profit if he has $1,000,000 available for this purpose.
US dollar foreign-e charge in late NewVork trading Country currency Argentina peso Canada dolla DO1985 505.50 Hong Kong dollar Malaysia ringi Philippines peso Singapore Czech Rep Hungary forint Norway Turkey abia riyal