A bank entered a 1-year currency swap with quarterly payments 200 days ago by agreeing to swap $1,000,000 for 800,000. The bank agreed to pay an annual fixed rate of 5% on the 800,000 and receive a fixed rate of 4.2% on the $1,000,000. Current LIBOR and Euribor rates and present value factors are shown in the following table.

	Rate	Present Value Factor
70-day LIBOR	3.0%	0.9943
90-day LIBOR	3.4%	0.9917
160-day LIBOR	3.8%	0.9836
180-day LIBOR	4.2%	0.9796
70-day Euribor	4.2%	0.9921
90-day Euribor	4.6%	0.9889
160-day Euribor	5.1%	0.9784
180-day Euribor	5.3%	0.9748

The current spot exchange rate is 0.79 per $1.00. Calculate the value of swap to the bank.