1. You entered into a swap where you pay euros and receive dollars. The notional amount in dollars is $1,100,000 and in euros it is 1,000,000. The fixed rate in dollars is 7% and the fixed rate in euros is 5%. You will make semiannual payments for one year with the first payment a half year from now. 90 days after the swap was initiated the new exchange rate is $1.13/. The new rates are listed below. Calculate the new value of this swap.

Round to 4 decimals

Term	$
90	7.10%	5%
270	7.50%	5.20%