Question: The spot is $ 1 . 4 5 / while the 1 - month forward rate is $ 1 , 4 5 . You agree

The spot is $1.45/ while the 1-month forward rate is $1,45. You agree to buy 5 million at the 1-month rate. Next month the spot rate is $1.64, what are your profits/losses?
The spot is $1.45/ while the 1-month forward rate is $1,45.

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