Question: The spot is 1.15 / while the 1-month forward rate is 1.15 . You agree to buy 3 million at the 1-month rate. Next month

The spot is

1.15

while the 1-month forward rate is

1.15

. You agree to buy

3

million at the 1-month rate. Next month the spot rate is

(1.14)/()

, what are your\ profits/losses?

The spot is 1.15 / while the 1 -month forward rate is 1.15. You agree to buy 3 million at the 1 -month rate. Next month the spot rate is 1.14/, what are your profits/losses

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