Single contract profit (RMB)
1000000*( 100-93.09)/ 100/4- 1000000*( 100-93.68)/ 100/4=(93.68-93.09)/ 100/4* 1000000
The value of Eurodollars is the principal of 65,438+0,000,000 dollars, plus three months' interest.
(100-93.09)/ 100 is the actual interest rate, and/100 means a plus percent sign. /4 is a quarter of the annual interest rate, because it is only three months.
Specific reference books refer to the terms of Eurodollar futures contracts. Just remember that 0.0 1 point is $25.