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Just found a major glitch in the entire global financial system

Basically 1.295 > 1.105 * 1.171 (= 1.294)

I've checked, it's not even the rounding.

It's a brilliant arbitrage opportunity.

image.jpeg

Convert your Euros into Pounds into Dollars and then back into Euros and each time you go round you make 0.08%
(edited 7 years ago)
Reply 1
Avatar for Foxab77
Foxab77
12
do you even econ...
Reply 2
Avatar for Alexion
Alexion
17
... nope
Reply 3
Avatar for B4LL3R
B4LL3R
OP
Original post by Foxab77
do you even econ...


Original post by Alexion
... nope


Triangular arbitrage is a well known concept numpties
Reply 4
Avatar for Alexion
Alexion
17
Original post by B4LL3R
Triangular arbitrage is a well known concept numpties


I'm saying it's not that useful, I'd only make $2 if I moved ALL my savings around. Not that great an opportunity tbh.
Reply 5
Avatar for B4LL3R
B4LL3R
OP
Original post by Alexion
I'm saying it's not that useful, I'd only make $2 if I moved ALL my savings around. Not that great an opportunity tbh.


Yes well you leverage; it's essentially riskless

And you don't do this standing outside Thomas Cook - no fees
There are no fees for converting?

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