Business
Business, 20.03.2020 05:16, cleatcucarol

My name is Maurice. I have $45,000 in FXCM (Foreign Exchange Market). I am considering converting dollar to Euro now. The rate I apply now (first exchange rate conversion) is 0.92 Euro/$. In the evening, I bet the rate will be favorable to me. Let's assume there are no service fees about this process. If I strongly believe in my speculation, and I want to make at least $1000 profit from this process, what should be the exchange rate for the 2nd conversion to meet my profit target? (Rounding: 1/100, e. g. .468 -> .47)

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