The following statement and table has been extracted from financial report of Atlas bank: "Foreign exchange risk represents exposures to changes in the values of current holdings and future cash flows denominated in foreign currencies. The potential for loss arises from the process of revaluing foreign currency positions in rupee terms. The Group's foreign exchange risk is presently limited to future cash flows in foreign currencies arising from foreign exchange transactions and translation of net open position in foreign currencies. The Group is carefully monitoring the net foreign currency exposure as well as utilizing the currency swap and forward contract to hedge the related exposure." Liabilities (Rs) Net foreign currency exposure(Rs) Assets (Rs) 1,676,431 1,624,382 52,049 United States Dollar Great Britain Pound 40,884 73,931 -33,047 5,209 0 5,209 Japanese Yen 51,011 98,973 -47,962 Euro 4,489 120 4,369 Other currencies 1,778,024 1,797,406 -19,382 Required: Elaborate in detail that how Atlas bank is managing its foreign currency risk? You may use some hypothetical figures to illustrate your point. What is your opinion about the banks net foreign currency exposure? The following statement and table has been extracted from financial report of Atlas bank: "Foreign exchange risk represents exposures to changes in the values of current holdings and future cash flows denominated in foreign currencies. The potential for loss arises from the process of revaluing foreign currency positions in rupee terms. The Group's foreign exchange risk is presently limited to future cash flows in foreign currencies arising from foreign exchange transactions and translation of net open position in foreign currencies. The Group is carefully monitoring the net foreign currency exposure as well as utilizing the currency swap and forward contract to hedge the related exposure." Liabilities (Rs) Net foreign currency exposure(Rs) Assets (Rs) 1,676,431 1,624,382 52,049 United States Dollar Great Britain Pound 40,884 73,931 -33,047 5,209 0 5,209 Japanese Yen 51,011 98,973 -47,962 Euro 4,489 120 4,369 Other currencies 1,778,024 1,797,406 -19,382 Required: Elaborate in detail that how Atlas bank is managing its foreign currency risk? You may use some hypothetical figures to illustrate your point. What is your opinion about the banks net foreign currency exposure