The Futures Position (c)

Worried about a volatile exchange rate, three months ago your institution also entered into a short position in oneyear currency futures contracts on USD15 million. At the time, the interest rate was 0.63% per annum in AUD and 0.45% per annum in USD (with continuous compounding) for all maturities. Your boss asks you the following questions: i. What was the value of the futures position three months ago? ii. If we closed out the position today, what would be the profit/loss on the futures transaction? Note: you will need the spot exchange rate three months ago, the current spot exchange rate today, and the current interest rates in AUD and USD, all stated above, to answer.