Question: A US - based exporter anticipated receiving 1 0 0 0 British Pound ( GBP ) in six months, and took a short forward position,

A US-based exporter anticipated receiving 1000British Pound(GBP) in six months, and took a short forward position, locking-in an exchange rate of $1.32/GBP. If six months later at maturity, thespot exchange rate becomes $1.31/GBP,what is the payoff of the exporter?
Note:For all the questions regarding Payoff or Profit/Loss, if you find out a positive value,then you just use the number as the answer of the question. If you find out a negative value,then you should put "-"when you put down your answer. For instance,if you get the payoff of100US Dollars,just put100in your final answer;if you get the payoff of-100US Dollars,just put-100in your final answerif you find out a positive value,then you just use the number as the answer of the question. If you find out a negative value,then you should put "-"when you put down your answer. For instance,if you get the payoff of100US Dollars,just put100in your final answer;if you get the payoff of-100US Dollars,just put-100in your final answer.

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