Business, 10.03.2020 00:18 anonymous1813

At currency trader at Standard Charter of New York acquires a short spot position in the amount of 1.0 million British Pounds when the spot exchange rate was $1.5500/£ The £ suddenly depreciates against dollar to $1.400/£. If the trader is required to reverse the position as soon as the exchange rate changes to $1.400/£, what will be the trader's profit or loss in dollars?

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At currency trader at Standard Charter of New York acquires a short spot position in the amount of 1...

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