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Assume that on 1 / 1 5 / XX the March future contract for MXN ( Mexican Peso ) was trading for $ 0 .

Assume that on 1/15/XX the March future contract for MXN (Mexican Peso) was trading for $0.10958. The price for the
March MXN future contract for the next three days are reported below. Please use the table to track the daily profit/loss and
margin positions over the three days for: (1) the buyer of one March MXN futures contract; and (2) the seller of three March
MXN futures contracts.
For MXN futures: Contract size = MXN 500,000, Initial Margin = $2,700; Maintenance Margin = $2,100

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