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Three Exchange Rates are as follows

July 20, 2020/in Feeds /by admin

Three Exchange Rates are as follows: 1) US Dollars (USD) to Canadian Dollars (CAD) at CAD 1.05 to USD 1
2) CAD to Euros (EUR) at CAD 1.35 to EUR 1

3) EUR to USD at EUR 0.72 to USD 1

Suppose you start with USD 100,000, and do one round of “triangular arbitrage”, that is convert make a total of 3 foreign exchange transactions to start from USD and return to USD. What will be your profit in USD? …

Hi Please note, I have calculated this question using several of your examples, however the correct answer should be 2,060.00. I am trying to figure out what I keep doing wrong with my calculations. Any assisted steps of calculations would be appreciated. thank you.