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Arbitrage profit in terms

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Suppose Bank X is quoting AUD 0.5838 / EUR Bid and AUD 0.5840 / EUR Ask and Bank Y is quoting AUD 0.5845 / EUR Bid and AUD 0.5848 / EUR Ask. What is the arbitrage profit in terms of AUD if you simultaneously buy and sell 1,000,000 EUR?

Reference no: EM131415706

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Arbitrage profit in terms : Suppose Bank X is quoting AUD 0.5838 / EUR Bid and AUD 0.5840 / EUR Ask and Bank Y is quoting AUD 0.5845 / EUR Bid and AUD 0.5848 / EUR Ask. What is the arbitrage profit in terms of AUD if you simultaneously buy and sell 1,000,000 EUR
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