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Ch005 27

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5 views1 page

Ch005 27

Uploaded by

story
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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As easy as 1-2-3:

1 Sell our $ for £;


2 Sell our £ for U;
3 Sell those U for $.
Sell $100,000 for £ at S(£/$)=1.50
receive £150,000
Sell £150,000 for U at S(U/£)=85
receive U12,750,000
Sell U12,750,000 for $ at S(U/$)=120
receive $ 106,250

Profit per round trip = $106, 250 − $100, 000 = $6, 250

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