Prepare a net exchange position sheet for a dealer who does the following five transactions. Assuming he or she is square before the first transaction, the dealer:

1. Borrows 7,000,000 for four months at 12.00% p.a.

2. Sells 7,000,000 spot at 1 = 0.9150

3. Buys 500,000,000 spot at US$1 = 192.00

4. Sells 200,000,000 spot against euro at 1 = 201.50

5. Buys 4,000,000 one month forward at 1 = US$0.9357.