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You bought 50000 USD on the forward market with a delivery in a month. On the day of your purchase the quotes were the following:

You bought 50000 USD on the forward market with a delivery in a month. On the day of your purchase the quotes were the following: Spot rate: 1 USD = 3,06 3,11 PLN 30 day forward rate: 1 USD = 3,08 3,14 PLN. Within a month the exchange rate has changed and now it is at USD = 3,02 3,06 PLN. How much have you lost or gained?

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