My previous FX contract matured today. Being short the NZD against the USD turned out to be a bad call as the USD depreciated sharply during the contract period. I would have been better off holding the NZD. However, a combination of setting a strike price which was out of the money and the premium received means that in USD terms, I actually came out ahead on the trade (although not by much).
I have entered into a new FX contract:
Currency pair: USD/NZD
Strike rate: USD1.00 = NZD 0.6100
Spot rate: USD1.00 = NZD 0.6214
Annualised premium: 14.265%
Calculation date: 26 June 2009
Maturity date: 29 June 2009