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1. When you convert 3.75 mil Euros into USD next month, are you buying or selling Euros? To lock the future exchange rate in this
1. When you convert 3.75 mil Euros into USD next month, are you buying or selling Euros? To lock the future exchange rate in this case, should you long or short Euro FX futures today? Explain. 2. What is the contract size (aka. contract unit) of 1 Euro FX futures contract? Is the British Pound futures contract size the same as Euro FX futures? How many Euro FX futures contracts do you need to long/short today?
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