(Adam wanted) Forex Question?
“Adam” asked for Forex Questions. Here’s one for you…
Calculate the profit on a triangular arbitrage opportunity, given the following bid-ask quotes:
American bank offers:
Euro:USD 1.2000 -1.2050
GBP:USD 1.7950 – 1.800
British Bank offers:
GBP:Euro 1.5050 – 1.5070
SHOW YOUR WORK!
(BTW – I know how to get the proper answer – but, hey, you implied you wanted some “practice”.)
Edit: Joey – are you CFA? candidate?