Can someone please explain and break this question down for me??

Your firm is a U.K.-based exporter of bicycles. You have sold an order to a French firm for A1,000,000 worth of bicycles. Payment from the French firm fin euro) is due in 12 months. Use a money market hedge to redenominate this one-year receivable into a pound-denominated receivable with a one-year maturity. The following were computed without rounding. Select the answer closest to yours