This triangular currency arbitrage is really painful
The mainland's U price is falling, while Hong Kong's U price is basically still pegged to the US dollar
Buy U in the mainland, then use a Hong Kong card to withdraw U, with an arbitrage space of 2%
In the past two years of the Russia-Ukraine war, the ruble exchange rate also fell significantly, and at that time, some people used the ruble for triangular currency arbitrage and then got into trouble
Using U for currency arbitrage is harder to track, with a lower threshold, but the arbitrage space is still quite large. However, with such tight policies now, buying U could even lead to being invited for a tea chat. Are you still daring to do this?
