Q casasophia co 6/11 (bpp kitQ 59)

hi sir ,

if you could please point out these 2 things from this question.

1)part a – futures calculation : they have used 14,624,159 to calculate the futures. could you tell me which spot rate they have used to convert to this amount?

2)option- when calculating the premium for options they are using the lower spot rate which is 1.3585. can you please explain why they are using this spot rate?as i thought since this is a receipt we will use the higher spot rate.

please if you could clear these two concepts.

thanks alot sir