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A currency trader starts his day with US$1,000,000 and executes the following transactions during the day. Exchange rates during the day are listed below. Compute

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A currency trader starts his day with US$1,000,000 and executes the following transactions during the day. Exchange rates during the day are listed below. Compute his profit / loss at the end of the day after converting all currencies left on hand into US$. Spot EUR/US$ 1.14/1.15 Spot US$/CHE 0.97/0.98 Spot US$/INR 6.20/6.30 a. Bought EUR 150,000 b. Sold US$ and bought CHF 200,000 c. Sold EUR 150,000 to buy CHF d. Bought INR against selling CHF 200,000 Show all your steps and calculations. You can ignore all decimals completely in your calculations

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