1. My name is Maurice. I have $45,000 in FXCM (Foreign Exchange Market). I am considering converting dollar to Euro now. The rate I apply now (first exchange rate conversion) is 0.92 Euro/$. In the evening, I bet the rate will be favorable to me. Let's assume there are no service fees about this process.

If I strongly believe in my speculation, and I want to make at least $1000 profit from this process, what should be the exchange rate for the 2nd conversion to meet my profit target? (Rounding: 1/100, e.g. .468 -> .47)

Less than or Equal to .93 Euro/$

Less than or Equal to .90 Euro/$

Less than or Equal to .97 Euro/$

Less than or Equal to .95 Euro/$