In the spot market, due to the appreciation of the Canadian dollar, the amount of US dollars paid to 500,000 Canadian dollars has increased: 500,000/1.19-500,000/1.2 = 350 1.40 US dollars.
In the futures market, the position was closed in September and the margin was recovered. Due to the appreciation of the Canadian dollar, the profit was 500,000 * (0.8520-0.8450) = 3,500 USD.
Achieve the purpose of preserving value.
Bus line: 406? ¡ú? 7 15 road, the whole journey is about 5.7 kilometers.
1. Take bus No.406 from Xinghai Sq