Arbitrage Illustration 4
Consider following spot quotations:
USD CHF 1.4950/1.4965 Zurich Bank
CHF USD 0.6690 / 0.6700 Bank of New York
Are there any arbitrage-gains possible?
(Ans.: 1,000,155 SFR. Thus gain of 155 SFr)
Arbitrage Illustration 4
Consider following spot quotations:
USD CHF 1.4950/1.4965 Zurich Bank
CHF USD 0.6690 / 0.6700 Bank of New York
Are there any arbitrage-gains possible?
(Ans.: 1,000,155 SFR. Thus gain of 155 SFr)
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