Task 1. You bought 50 000 USD on the forward market with a delivery in a...
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Task 1. You bought 50 000 USD on the forward market with a delivery in a month. On the day of your purchase the quotes were the following: • Spot rate: 1 USD = 3,06 -3,11 PLN .30-day forward rate: 1 USD = 3,08 - 3,14 PLN. Within a month the exchange rate has changed and now it is at USD = 3,023,06 PLN. How much have you lost or gained? Task 1. You bought 50 000 USD on the forward market with a delivery in a month. On the day of your purchase the quotes were the following: • Spot rate: 1 USD = 3,06 -3,11 PLN .30-day forward rate: 1 USD = 3,08 - 3,14 PLN. Within a month the exchange rate has changed and now it is at USD = 3,023,06 PLN. How much have you lost or gained?
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