In PIN we use the monthly exchange rates in accounting (the first exchange rate published in the month). In January, we received a grant amounting 100 000 EUR. In the same month, the donor sent the whole amount to our account. It is mentioned in the conditions for reporting that we are allowed to report according to account system in CZK. There is a fixed rate for the currency conversion to EUR; it is the rate valid at the moment of the receipt of payment to our account.

If we report 30 000 EUR in February, 50 000 EUR in March and 20 000 EUR in April and the exchange rates are 27,50 in January, 28,10 in February 28,20 in March a 27,90 in April what are the operating results of this project?