You are given the following quotes:
U.S. dollar/Mexican Peso = 0.4637
U.S. dollar/Australian Dollar = 0.6921
U.S dollar/Chinese Yuan = 0.1825
What is the Chinese Yuan/Australian Dollar cross rate?
How to find net float if ABC Company writes 53 checks a day for an average amount of $756 each. These checks generally clear the bank in 5 days. In addition, the firm generally receives an average of$14636 a day in checks that are deposited immediately. Deposited funds are available in 1 day.
The exchange rates in New York are: $1 = AUD 1.2591 and $1 = £0.6047 A dealer is offering a quote: AUD 1 = £0.7668.What is the profit you can earn on $11515 using triangle arbitrage?