NO.PZ2023061903000022
问题如下:
A dealer provides spot rate quotes for the following currencies:
选项:
A.ZAR3671 per million Swedish krona traded. B.SEK4200 per million South African rand traded. C.ZAR4200 per million Swedish krona traded.解释:
C is correct. The ZAR/SEK cross-rate from the original dealer is (1.0218/0.9149) = 1.1168, which is lower than the quote from the second dealer. To earn an arbitrage profit, a currency trader would buy Swedish krona (sell South African rand) from the original dealer and sell Swedish krona (buy South African rand) to the second dealer. On SEK1 million, the profit would be:
SEK1,000,000 × (1.1210 – 1.1168) = ZAR4,200The ZAR/SEK cross-rate from the original dealer is (1.0218/0.9149) = 1.1168
这句话的意思,是1ZAR可以换1.1168SEK 还是1 SEK可以换1ZAR
做题做着做着就做晕了。。