X=9 (write 9 in x place)

2. Orhan Yasar speculates on the currencies in the foreign currency exchange market. Currently the spot price for the Polish zloty is Z1439.x7/$ and the 4-month forward rate is Z1441.x4/$. Orhan expects the Polish zloty will move to Z1441.5x/$ in the next four months. a. What should Orhan do? If Orhan has $x00000, explain how much he can earn as profit in dollars? Show calculations. b. Specify the transaction such as buy/sell at forward/spot/expected future spot rate. Compare the risk level of possible transactions. (25 pts)