You have one million USD to trade in the foreign exchange market. Following is the transactions that you made throughout the day;

1. Bought EUR 110,000 at a rate of USD/ EUR spot 0.94/0.96
2. Bought GBP 140,000 at a rate of USD/ GBP spot 0.82/0.83
3. Bought 16,000,000 Argentine Pesos (PES) against EUR at a rate of EUR/PES 370.5/370.6
4. Bought EGP 2,000,000 at a rate of USD/ EGP 30.90/30.95
5. Bought 90,000 CHF against GBP at a rate of CHF/GBP 0.90/0.92
6. Bought 200,000 AED against EGP at a rate of AED/EGP 8.41/8.47

At the end of the day, you converted all currencies you have on hand into USD. The quoted exchange rates at end of day were:

EUR/USD: 1.095/1.099 USD/GBP: 0.80/0.81 USD/EGP: 30.55/30.60

GBP/AED: 4.43/4.45 CHF/EUR: 1.01/1.05 USD/PES: 350.06/350.16

Required:

Calculate your total end of day profit / loss in US Dollars. (Show all steps & calculations)

Hint: To calculate your profit end of day you need to compare the starting Dollar balance with the end of day Dollar balance and see if you maade money or lost money.