Two speculators in Ontario sign a 3-month forward contract on $1million Mexican Peso. The forward exchange rate is $0.068 (Canadian dollar) per Mexican Peso. Currently, 1 Mexican Peso equals to 0.065 Canadian Dollar. 3-month later, the exchange rate becomes $0.063 (Canadian dollar) per Mexican Peso. What is the payoff of each speculator? What is the bet of the speculator who is taking the long position in this forward contract?