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A Finnish speculator invest in AUD 10 million to invest and he/she hopes that AUD will appreciate. Thus he/she buys FX future contract which will

A Finnish speculator invest in AUD 10 million to invest and he/she hopes that AUD will appreciate. Thus he/she buys FX future contract which will expire on 24 August 2023

Exchange rate

AUD EUR

Spot Rate (5.5.2023) 1 1,2345

6.5.2023 1 1,2234

7.5.2023 1 1,2456

8.5.2023 1 1,2312

9.5.2023 1 1,2267

10.5.2023 1 1,2145

The investor closes his/her position on 10 5.2023, Calculate gain/loss of speculator

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