|
exchange rate 4th August 2006
1.48116 euros to the pound
£900 is euro 1333.04
exchange rate 31st August 2006
1.48706 euros to the pound
1333.04 euros is £896.43
The exchange rate risk/loss was £900 - £896.43 = £3.57 at mid market rates.
The rest is trading profit i.e. spread, commission/fees, extra charges.
-aqls-
|