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11. On November 12, 2021, a U.S. FI has a net exposure to Swiss francs of SFr5,500,000. The exchange rate of U.S. dollar per Swiss

11. On November 12, 2021, 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 1.0850. It is now November 15, 2021 and the exchange rate is 1.0844. Calculate the FIs dollar loss/gain for this shock to the US$/SFr exchange rate.

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