You bought USD 5,000,000 against EUR at 1.1037 and 3,000,000 at 1.1052. If the EUR/USD rate is now quoted 1.1015/17, and if you deal at that rate, what profit would you make?
A) Nil
B) A profit of EUR 16,847.58
C) A loss
D) A profit of EUR 18,166.05

Question

Quizplus · Accepted Answer

The profit is calculated by converting the USD amounts back to EUR at the current rate and comparing it to the initial EUR amounts. The profit is EUR 16,847.58.

You Bought USD 5,000,000 Against EUR at 1