Forecasting the Future Spot Rate Based on IFE Assume that the spot exchange rate of the Singapore
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Forecasting the Future Spot Rate Based on IFE Assume that the spot exchange rate of the Singapore dollar is $.70. The 1-year interest rate is 11 percent in the United States and 7 percent in Singapore. What will the spot rate be in 1 year according to the IFE? What is the force that causes the spot rate to change according to the IFE?
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