Smiroff Vodka Arbitrage

An Arbitrage profit is the return an investor make when he buy from one market and sell simultaneously in another. The return is risk-free and requires zero net investment.

Scenario: If you buy a Vodka Smiroff (1 litre) in Australia Duty Free it would cause you 23AUD. If you buy the same product in a budget liquor stall such as BWS (BEER WINE SPIRITS) it would cause you 42 dollar.

Spot rate on 27th March by UOB :1.27/AUD
SGD equivalent:

1. Price in Brisbane Duty Free= 1.27 * 23= 29.21SGD
2. Price in BWS=1.27 * 42=53.34SGD

Since price in Duty Free Singapore is 16.30SGD

Buy in Singapore DFS and sell in Brisbane BWS. The arbitrageur would make:
53.34 - 16.30SGD = 37.04 SGD

1. Discrete return= 227%
2. Continuous Compounded return= ln(53.34/16.30) = 119%

Buy in Singapore DFS and sell in Brisbane DFS. The arbitrageur would make:
29.21 - 16.30 = 12.91SGD

1. Discrete return= 79%
   
2. Continuous Compounded return= ln(29.21/16.30) = 58%

Assumptions:

1. No taxes and duty charges
2. Exchange rates remain constant after 27th march 08
3. Existence of buyer
   

Anyway i brilliantly bought 2 litres from Singapore Duty Free and save some money for the social drinkers of H05. The result, everyone got pretty drunk and we had Calvin (left with the spider-man look) and Mark ( right) posing for us.


More drinking anyone ? :>

Sexpo 2008

It all started from 3 girls of carmody road who invited everyone else. The thrifty and 'usual' Aaron (not in this picture) was transformed into one enthusiastic n willing person. So he came n i had been invited. Of course the real adventurer like me wouldn't reject such a new experience and fun day out. Moreover, I had been missing out exhibitions and Sexpo Singapore which i barely have knowledge of its existence. Anyway, i am ready to gain some 'knowledge'... ;>


On my right, Hari (H floor resident rep and future surgeon) ... i must say it was a bit of surprise that he agreed on coming with us given that Hari is pretty busy, thrifty and mature. Well, there could be no linkage at all... but i was delighted that he joined us. He told me he was interested in HEALTH aspect of sexpo... ...Maybe its related with his course.

Perfect weather on a perfect Sunday morning. Going to SEXPO ... quite exciting i guess. (you should Google: Sexpo Australia which we did before going)

My photo work here. With Yin and Jiawen (Malaysians) in the forefront... and Brisbane city at the back. Comments?
And then i felt stupid and cheated as i went on further, SEXPO has no exhibition, not informative, not cool, not iNtERESting... NOT SEXY! Mommy i want my 20 dollars back!

The show had been put on was AUSSIE BOYS or something. Firstly, it was over rated by screams of the Venus population. Its for the girls... Besides, what the AUSSIE BOYs did was not sexy yet totally HIMBO... showing some disproportionate bodies and shaky their bud like we really love them. Their smiles eeeeehhh Er... Totally Phui ... :<

Besides the vendors were trying to sell their old stock-novelty goods which you can find in Condomania. In my opinion, they were trying to clear that stocks using the BIG four letter ... SALE

Eileen with three weird looking things.

Me with right boob and left boob...
As the sun sets, the shadow casts on Brisbane city, finishing a romantic touch!
That's everyone who went. We called it a day after a superb meal at the PANCAKE MANORS.

It was Back to scHool But BACK TO scCHOol Party!!!

It was 3 days after i left my comfort zone(Singapore)...after 6 hrs of lesson ..."15mins, the bus is going" That was how long i took to transform into this..."back to school"

I always wanted to hop on a college bus which brings us straight into the heart of the city for some party nite ...so exclusively for college folks only. We had all the attention and it was our night off before the start of a new semester. Initially i thought it was gonna be awkward as there were very few asians on the bus. But it all turn out fine... So we left... on a retro bus( as you can see from the background)...
Aaron looks the same... didn't he...
The satisfaction on my face explained the stark emotions from being alone mostly in the day...to having some best buddies around. And I am loving it... From left Mark (3 sem in UQ),Calvin (new resident), Kay En (newbie), Colin (new Resident), Yin Yin (buddy) and Aaron (buddy)...
Yup... everyone's dressed in theme... its a serious party business. The good thing is FRee Entrance and you get 4 drinks for 10 bucks. Clubbing Folks in singapore should really rally against...
Abit dark... but you are supposed to feel "higher" as you scroll down...I hoped i had sequenced the pictures correctly... It was pretty decent... More decent than what i thought.. People generally behaved themselves. Afterall, we are all future graduates(being lame here)...
Mark caught in action... I must say his the best dancer that we have... "as he shuffles thru the crowd". we got tired really soon as we head for the stools... Cheese!

In a MAXI cab... on the way back to college and home... Hope u get a nightout like this too... ;)