Japanese Yen to Canadian Dollar 78.87 JPY/CAD
United States Dollar to Euro 1.16 USD/EUR
Swiss Franc to Canadian Dollar 0.69 CHF/CAD
Swiss Franc to Euro 1.08 CHF/EUR.
Determine the implied USD/JPY cross rate. (2 POINTS)
Suppose that the JPY to USD exchange rate is 111 JPY/1 USD. Is there any arbitrage opportunity? Explain in words why you think that is the case. (2 POINTS)
Assume you have 520 JPY. What is your profit in JPY, (show your calculations)? (2 POINTS)
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