$10)$ Bank of Southern Vermont has determined that its inventory of $20$ million euros $()$ and $25$ million British pounds $()$ is subject to market risk. The spot exchange rates are $$1\mathrm{.}20/$ and $$1\mathrm{.}60/,$ respectively. The $\backslash$sigma $$s of the spot exchange rates of the $$ and $,$ based on the daily changes of spot rates over the past six months, are $65$ bp and $45$ bp$,$ respectively. Determine the bank$$s $10-$day VAR for both currencies. Use adverse rate changes in the $99$th percentile