Hi
Could I check my maths is correct for calculating the P&L on this trade. On an FX forward, if I B/S a currency at -3.2 for 32 days (-0.1 points/day) and can clear this every day at -0.14, I am making -0.04 pips each day.
So on a notional of 4,000,000,000, I would be making a daily p&l of (-0.04/10,000)*4,000,000,000 = 16,000. Therefore for the whole trade by p&l would roughly be (ignoring discounting) 16,000 * 32 = 512,000 ?
Thanks,
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