Suppose a trader sees the exchange rates shown in the following table. 
How might these exchange rates be an opportunity for arbitrage for an American trader? What would happen to the exchange rates over time?
Definitions:
Manager-Managed LLC
A limited liability company in which the management is specifically designated to one or more managers, rather than being managed by all members.
Managers
Individuals responsible for controlling or administering all or part of a company or similar organization.
Members
Individuals or entities that are part of an organization or group and typically have certain rights, privileges, or responsibilities associated with membership.
Substantiation
The provision of evidence or proof to support a claim, allegation, or request, typically required in legal and financial contexts.
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