The following are the foreign currency positions of an FI, expressed in the foreign currency:

The exchange rate of dollars per SFr is 1.0230, dollars per British pounds is 1.3100, and dollars per yen is 0.008800. The following are the foreign currency positions converted to dollars.

a. What is the FI’s net exposure in Swiss francs stated in SFr and $s?

b. What is the FI’s net exposure in British pounds stated in £ and $s?

c. What is the FI’s net exposure in Japanese yen stated in ¥ and $s?

d. What is the expected loss or gain if the SFr exchange rate appreciates by 1 percent? State your answers in SFrs and $s.

e. What is the expected loss or gain if the £ exchange rate appreciates by 1 percent? State your answers in £s and $s.

f. What is the expected loss or gain if the ¥ exchange rate appreciates by 2 percent? State your answers in ¥s and $s.

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Currency Assets Swiss francs (SFr) British pound () SFr 122,190 Japanese yen () 38,168 8,522,727 Liabilities SFr 48,876 16,794 3,406,091 FX Bought SFr 9,775 11,450 1,363,636 FX Sold SFr 14,663 15,267 10,000,000