corporate treasury with operations in sydney simultaneously calla westpac Bank in sydney and Barclays in London
Topic: Business Questions
October 4, 2020Use six of the common elements composing the human body .Four of six elements shall be sodium,chlorine ( or the chlorine ion), potassium and calcium.
October 4, 2020corporate treasury with operations in sydney simultaneously calla westpac Bank in sydney and Barclays in London
corporate treasury with operations in sydney simultaneously calla westpac Bank in sydney and Barclays in London
1.A corporate treasury with operations in sydney simultaneously calla westpac Bank in sydney and Barclays in London. The two banks give the following quotes at the same time on the euro.
West Sydney Barclays London
A$ 1.1840/Euro A$ 1.1830-50/Euro
Explain, using A$ 1 Million or its euro equivalent, how the corporate treasury could make geographical arbitrage profit with the two exchange rate nquote.
