Question

Suppose you take a short position of 1 million USD in the USD- MXN at 22.4015. What is the flow of MXN in your accounts

Answer 1

Answer:

22,401,500 MXN exit from account

Explanation:

Given:

MXN at 22.4015

Amount = $1,000,000

MXN at short position

Find:

Flow of MXN

Computation:

MXN at short position so, flow is exit

MXN exit =  1,000,000 × 22.4015 )

22,401,500 MXN exit from account