Arbitrage Illustration 7
USD/AUD Spot 1.3135/1.3155
USD/CAD Spot 1.4835/1.4855
The above quotes are available in the US market. At the same time CAD/AUD 0.8895/0.8915 is available in Sydney.
Find out the arbitrage opportunities through synthetic mechanism.
(Ans.: Gain 3096 CAD on 1 million CAD)
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