View Single Post
Old 02-24-2008, 12:46 PM  
Jai
Confirmed User
 
Jai's Avatar
 
Join Date: May 2005
Location: http://www.fitnesspornbabes.com
Posts: 6,915
Quote:
Originally Posted by TheAgent View Post
if you have large amount of money you can do currency arbitrage

For example:
if $1.00 in U.S. currency buys 0.7 British pounds currency
£1 in British currency buys 9.5 French francs
1 French franc buys 0.16 in U.S. dollars, then an arbitrage trader can start with $1.00 and earn

1 x 0.7 x 9.5 x 0.16 = 1.064 dollars which means profit of 6.4 percent.

wtf...
Jai is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote