Forex quotes: 1.1837 EUR/USD 0.7231 EUR/GBP 1.6388 GBP/USD If Mary was given 10,000 euros will she...

Forex quotes:

1.1837 EUR/USD

0.7231 EUR/GBP

1.6388 GBP/USD

If Mary was given 10,000 euros will she be able to earn some profit for her institution by playing the above FOREX quotes:If so, compute the profit. What is such type of profit called?

Expert Solution

By Triangular Arbitrage Mary could earn a profit of Euro 11.12

jeff jeffy answered 1 year ago

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