Assume the following information:   U.S. investors have $1,0…

Assume the following information:   U.S. investors have $1,000,000 to invest: 1-year deposit rate offered by U.S. banks = 12% 1-year deposit rate offered on Swiss francs = 10% 1-year forward rate of Swiss francs = $.62 Spot rate of Swiss franc = $.60   Given this information:

Assume the following information for a bank quoting on spot…

Assume the following information for a bank quoting on spot exchange rates:   Exchange rate of Singapore dollar in U.S. $ = $.32 Exchange rate of pound in U.S. $ = $1.50 Exchange rate of pound in Singapore dollars = S$4.50   Based on the information given, as you and others perform triangular arbitrage, what should logically happen to the spot exchange rates?