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Business, 02.12.2021 21:40 ceejay8005

Assume the bid rate of a New Zealand dollar is USD 0.330 / NZD while the ask rate is USD 0.335 / NZD at Bank X. Assume the bid rate of the New Zealand dollar is USD 0.320 / NZD while the ask rate is USD 0.325 / NZD at Bank Y. Given this information, what would be your gain if you use USD 1,000,000 and execute locational arbitrage

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Assume the bid rate of a New Zealand dollar is USD 0.330 / NZD while the ask rate is USD 0.335 / NZD...
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