Mexican Peso (CME) (MXN 500,000; $ per 10MXN or MXNUSD or $/P) Maturity Open High Low...
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Mexican Peso (CME) (MXN 500,000; $ per 10MXN or MXNUSD or $/P) Maturity Open High Low Settle Change High Low Open Interest Mar June Sept .10953 .10988 .10930 .10958 .10790 .10795 .10778 .10773 .10615 .10615 .10610 .10573 .11000 .09770 34,481 ... .10800 .09730 3,405 .10615 .09930 1,481 All contracts are for 500,000 new Mexican pesos. "Open" means the opening price on the day. "High" means the high price on the day. "Low" indicates the lowest price on the day. "Settle" is the closing price on the day. "Change" indicates the change in the settle price from the previous day's close. "High" and "Low" to the right of Change indicate the highest and lowest prices this specific contract (as defined by its maturity) has experienced over its trading history. "Open Interest" indicates the number of contracts outstanding. a) Amber, our international trader, believes the Mexican peso will fall in value against the US dollar. Her expected future spot rate is $0.0980//P. Which position should she take? If the spot rate on March 31st turns out to be $0.0950//P, what is her total profit or loss? b) What if Amber believes the Mexican peso will rise in value against the US dollar. Her expected future spot rate is $0.1180//P. Which position should she take? If the spot rate on March 31st turns out to be $0.1100//P, what is her total profit or loss? Mexican Peso (CME) (MXN 500,000; $ per 10MXN or MXNUSD or $/P) Maturity Open High Low Settle Change High Low Open Interest Mar June Sept .10953 .10988 .10930 .10958 .10790 .10795 .10778 .10773 .10615 .10615 .10610 .10573 .11000 .09770 34,481 ... .10800 .09730 3,405 .10615 .09930 1,481 All contracts are for 500,000 new Mexican pesos. "Open" means the opening price on the day. "High" means the high price on the day. "Low" indicates the lowest price on the day. "Settle" is the closing price on the day. "Change" indicates the change in the settle price from the previous day's close. "High" and "Low" to the right of Change indicate the highest and lowest prices this specific contract (as defined by its maturity) has experienced over its trading history. "Open Interest" indicates the number of contracts outstanding. a) Amber, our international trader, believes the Mexican peso will fall in value against the US dollar. Her expected future spot rate is $0.0980//P. Which position should she take? If the spot rate on March 31st turns out to be $0.0950//P, what is her total profit or loss? b) What if Amber believes the Mexican peso will rise in value against the US dollar. Her expected future spot rate is $0.1180//P. Which position should she take? If the spot rate on March 31st turns out to be $0.1100//P, what is her total profit or loss?
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