A bank manager believes the peso will appreciate relative to the peso in six months. The current spot rate for pesos is 10 pesos/euro and the six month forward rate is .08/peso. The manager agrees to enter into a six month forward contract with 6 million pesos attached. The spot rate is 20 pesos/euro on the day the forward contract expires.

Find the currency trader's profit/loss (in euros) from their forward contract. Round intermediate steps to four decimals and your final answer to two decimals.Do not use currency symbols or words when entering your response.