Question: Currency forward contract Fill in a value in the blank below, include a negative sign for loss.(e.g. 100 represents a foss of 100 dollars) Question:

Currency forward contract Fill in a value in the blank below, include a negative sign for loss.(e.g. 100 represents a foss of 100 dollars) Question: A trader has pounds and enters into a long forward contract on 10 million USD. The forward exchange rate is 1 pounds: 1.19 USD. How much does the trader gain or lose if the exchange rate at the end of the contract is 1 pounds : 1.1 USD. Answer: The trader's net position is million dollars in USD

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