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> "On our example, this doesn’t work because we are going from the United States to England and the English Pound is worth more than the US dollar. Additionally
by e2daipi 15y ago
> "On our example, this doesn’t work because we are going from the United States to England and the English Pound is worth more than the US dollar. Additionally, the Iceland Krona is not worth less than a dollar. However, if we were going the reverse way, this would work."
Not quite. See http://en.wikipedia.org/wiki/Arbitrage http://en.wikipedia.org/wiki/Arbitrage
I think the way you are looking at it could cost you a bit of money if you are not careful.