Assume the following information: 
Also assume that a U.S. exporter denominates its Swiss exports in Swiss francs and expects to receive SF600,000 in 1 year.
Using the information above, what will be the approximate value of these exports in 1 year in U.S. dollars given that the firm executes a forward hedge?
Definitions:
Tensor Fasciae Lata
A muscle of the thigh involved in stabilizing and moving the leg, and tightens the fascia around the thigh to aid in body movements.
Gluteus Maximus
The largest and outermost of the three gluteal muscles, involved in the movement of the hip and thigh.
Gluteus Medius
A muscle located on the outer surface of the ilium, involved in the rotation and abduction of the thigh.
Ball and Socket
A type of synovial joint that allows for movement in almost any direction, found in the shoulder and hip.
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