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On 12/31/2020, the exchange rate of NTD to USD is 30. Company A invests in overseas assets worth 1 million USD. After six months (6/30/2021),

On 12/31/2020, the exchange rate of NTD to USD is 30. Company A invests in overseas assets worth 1 million USD. After six months (6/30/2021), the assets need to be converted into NTD. Please explain the profit or loss of Company A under the 100% hedging strategy in which the forward exchange rate of the US dollar is 29.5 after six months of trading in forward foreign exchange.

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