Intercontinental Bank's current exposure to Euro is $623 million. The bank expects a decline in...
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Finance
Intercontinental Bank's current exposure to Euro is $ million. The bank expects a decline in the value of Euro. The spot rate is $Euro and the standard deviation based on daily spot price changes in the currency is What is the day VaR of the bank's exposure to Euro based on adverse changes at the th percentile?
Please round your answer to two decimal places in terms of millions of dollars.
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