Three months remain until the currency swap expires. The contract is to exchange an interest rate of 1% on nominal value of 1 million EUR for an interest rate of 2% on nominal value of 4,4 million PLN. Payments are made every half a year. The term structures of interest rates in both areas are as follows: Poland 3M - 1%, 6M 1.2%; EU 3M -0,5%, 6M -0,7% (continuous capitalization). The current exchange rate is 4,45 PLN/EUR. What is the value of this contract in EUR for the party providing the payment in the same currency? Three months remain until the currency swap expires. The contract is to exchange an interest rate of 1% on nominal value of 1 million EUR for an interest rate of 2% on nominal value of 4,4 million PLN. Payments are made every half a year. The term structures of interest rates in both areas are as follows: Poland 3M - 1%, 6M 1.2%; EU 3M -0,5%, 6M -0,7% (continuous capitalization). The current exchange rate is 4,45 PLN/EUR. What is the value of this contract in EUR for the party providing the payment in the same currency