14. Bank of Bentley has determined that its inventory of yen (V) and Swiss franc (SFr) denominated securities is subject to market risk. The spot exchange rates are V120.00/S and SFO.9500/S, respectively. The o's of the spot exchange rates of the Y and SFr, based on the daily changes of spot rates over the past six months, are 75 bp and 55 bp, respectively. Using adverse rate changes in the 99th per centile, the 10 day VARs for the two currencies, Y and SFr, are $350,000 and $500,000, respectively. Calculate the yen and Swiss franc denominated value