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

Currency Assets Liabilities

Macanese Pataca 74,394 23,758

British Pound 730,255 1,813,666

Danish Krone 1,200,532 1,730,189

The beginning spot exchange rates are: $1 = 8.08 patacas $1 = 0.77 pound sterling $1 = 6.46 krones

The ending spot exchange rates are: $1 = 7.65 patacas $1 = 0.63 pound sterling $1 = 7.16 krones

e. What is the $ gain or loss from the British currency?

f. What is the $ gain or loss from the Danish currency?

g. What is the total $ gain or loss from this FIs foreign exposure?