Simple Swap Clarification question, practice

mamuka12

What does it mean the value of the fixed rate side, does that mean the value of the swap to the fixed rate side? , hence a value of $0.99768 means the fixed side loses? Say if the value of the floating side was $1.01066, that means the floating side wins?

A practice exam question in Schweser book 1. Page 65 # 117.I was confused by their wording.

Thanks