International Cross-exchange rates
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A dealer in Australia quotes A$1.7430-40/$,
A dealer in Paris quotes $0.8610-20/euro.
A dealer in Germany quotes euro 0.6667-76/A$.
What should the German dealer quote to prevent any arbitrage?
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Solution Summary
The international cross-exchange rates are analyzed. The formula below is how you find the cross rates between currencies.
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Hello,
Assuming you are asking what the German dealer should quote Euros per USD.
The formula below is how you find the cross ...
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