Problem $1($a$)$

Six months ago, you bought $1$ million Euros at a forward rate of $1\mathrm{.}200$ USD$/$EUR$.$ This contract matures today, and the spot exchange rate is $1\mathrm{.}100$ USD$/$EUR$.$

What is the profit from the forward contract in USD?

Note: provide your answers with four decimal points and in millions of USD. Please do the calculations in Excel and round up the results to four decimal points only at the end, once the calculations are completed.

Problem $1($b$)$

Six months ago, you bought $1$ million Euros at a forward rate of $1\mathrm{.}200$ USD$/$EUR$.$ This contract matures today, and the spot exchange rate is $1\mathrm{.}100$ USD$/$EUR$.$

What is the profit from the forward contract in EUR?

Note: provide your answers with four decimal points and in millions of EUR. Please do the calculations in Excel and round up the results to four decimal points only at the end, once the calculations are completed.

Problem $2($a$)$

One year ago, you sold $1$ million British pounds $($GBP$)$ at a forward rate of $1\mathrm{.}25$ USD$/$GBP$.$ This contract matures today, and the spot exchange rate is $1\mathrm{.}30$ USD$/$GBP$.$

What is the profit from the forward contract in USD?

Note: provide your answers with four decimal points and in millions of USD. Please do the calculations in Excel and round up the results to four decimal points only at the end, once the calculations are completed.

Problem $2($b$)$

One year ago, you sold $1$ million British pounds $($GBP$)$ at a forward rate of $1\mathrm{.}25$ USD$/$GBP$.$ This contract matures today, and the spot exchange rate is $1\mathrm{.}30$ USD$/$GBP$.$

What is the profit from the forward contract in GBP$?$

Note: provide your answers with four decimal points and in millions of USD. Please do the calculations in Excel and round up the results to four decimal points only at the end, once the calculations are completed.

Problem $3$

Two years ago you sold forward $1$ million Canadian dollars $($CAD$)$ at a forward rate of $0\mathrm{.}800$ USD$/$CAD$.$ You have no CAD, so this transaction is what we would call a $$naked forward.$$ The forward contract matures today and the spot exchange rate is $0\mathrm{.}7850$ USD$/$CAD$.$

What is the profit from the forward contract in USD?

Note: provide your answers with four decimal points and in millions of USD. Please do the calculations in Excel and round up the results to four decimal points only at the end, once the calculations are completed.