Triangular arbitrage is the act of exploiting an arbitrage opportunity resulting from a pricing discrepancy among three different currencies in the foreign exchange market.
Arubaly.com source for cheaper and limited amount of Aruba Florin (AWG) daily and distributes it to merchants, members can buy Aruba Florin (AWG) from merchants when available. members can then convert Aruba to USD and USD to Naira at their dashboard.
For example: if you buy 200 Aruba (AWG) for ₦106,000 at a rate of ₦530 per Aruba (AWG), Convert the 200 Aruba (AWG) to USD, you will receive $112. Then convert the $112 to Naira at a rate of ₦1210, resulting in ₦135,520 in total. That is a ₦29,520 profit on this above triangular exchange.
To purchase Aruba (AWG), please sign in to your account, then select "Buy Aruba (AWG)" and proceed by clicking "Buy Now". Follow the on-screen instructions as prompted.
To convert Aruba (AWG) to USD, Goto your account dashboard, click on “Convert AWG to USD” and follow the instructions.
To Convert USD to Naira, Goto your account dashboard, click on “Convert to Naira” and follow the instructions.
Goto your account dashboard and click on “Withdraw”, cross-check your bank account details and insert the amount you would like to withdraw and proceed.
Withdrawal processing time: Withdrawals are processed within 48 business hours or before the end of 48 business hours.
Login into your account and go to your account dashboard to edit your bank details. You can always edit any incorrect information at your dashboard.
Aruba (AWG) is limited, and it can be scarce, if all merchants are sold out, always check back the next day from 7:00AM. Always check the “Buy Aruba page” for any availability.
Triangular arbitrage is a risk-free exchange, profit are made from price discrepancy in three different currencies.