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Just found a major glitch in the entire global financial system Watch

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    Basically 1.295 > 1.105 * 1.171 (= 1.294)

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

    It's a brilliant arbitrage opportunity.

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    Convert your Euros into Pounds into Dollars and then back into Euros and each time you go round you make 0.08%
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    do you even econ...
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    ... nope
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    (Original post by Foxab77)
    do you even econ...
    (Original post by Alexion)
    ... nope
    Triangular arbitrage is a well known concept numpties
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    (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.
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    (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
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    There are no fees for converting?
 
 
 
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