Question: On September 27, 2018, a U.S. FI has a net exposure to Swiss francs of SFr5,500,000.The exchange rate of U.S. dollar per Swiss franc was

On September 27, 2018, a U.S. FI has a net exposure to Swiss francs of SFr5,500,000.The exchange rate of U.S. dollar per Swiss franc was 1.0427. It is now September 28, 2018 . Calculate the FIs dollar loss/gain for this shock to the US$/SFr exchange rate.

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