Classic City Exporters (CCE) recently sold a large shipment of sporting equipment to a Swiss companythe goods

Question:

Classic City Exporters (CCE) recently sold a large shipment of sporting equipment to a Swiss company—the goods will be sold in Zurich. The sale was denominated in Swiss francs (SF) and was worth SF500,000. Delivery of the sporting goods and payment by the Swiss buyer are due to occur in six months. The current spot is $0.6002/SF (SF1.6661/$), and the six-month forward rate is $0.6020/SF (SF1.6611/$). What risk would CCE run if it remained unhedged, and how could it hedge that risk with a forward contract? Assuming that the actual in six months is $0.5500/SF (SF1.8182/$), compute the profit or loss—and state which it is—CCE would experience if it had chosen to remain unhedged.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...