futures contracts profit/loss

For example, long the futures contracts.

number of futures contracts = 100

multiplier = 5

purchase price = 20

settled price = 30

The profit = (30-20)*100*5=5000? Is it right?

Do we need to also multiply the multipler 5 for calculating the profit?

To calculate the profit in dollars (or euro or yen or pounds or whatever currency), yes.

No matter what currency, the answer should be YES, right? :slight_smile:

Yup.