international finance
Assume that there is no transaction cost and you observe the following quotation:
1. USD/HKD: 0.1250
2. JPY/USD: 116.20
3. HKD/JPY: 0.062
From the 1st and 2nd quotations, what is the cross rate for HKD/JPY
Assume that there is no transaction cost and you observe the following quotation:
1. USD/HKD: 0.1250
2. JPY/USD: 116.20
3. HKD/JPY: 0.062
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If you have HKD1,000,000 and you try triangular arbitrage, what is the profit of 1 round arbitrage in HKD?
Assume that there is no transaction cost and you observe the following quotation:
1. USD/HKD: 0.1250
2. JPY/USD: 116.20
3. HKD/JPY: 0.062
Due to the triangular Arbitrage trade, what of the following will happen in the foreign exchange market?
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