VM Corporation has receivables of SGD 500,000 in 90 days. The SGDUSD spot is 0.85. The forecast of the SGD in 90 days is provided in the following table.

Value               Probability

0.77– 0.79                   5%

0.80– 0.82                   5%

0.83– 0.85                   25%

0.86– 0.88                   25%

0.89– 0.93                   30%

0.94– 0.96                   5%

0.97– 0.99                   5%

Estimate the 10 percent VaR.