Expected Spot Rates Suppose the spot exchange rate for the Hungarian forint is HUF 215. The infl
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Expected Spot Rates Suppose the spot exchange rate for the Hungarian forint is HUF 215.
The infl ation rate in the United States are 3.5 percent per year. They are 8.6 percent in Hungary.
What do you predict the exchange rate will be in one year? In two years? In fi ve years? What relationship are you using?
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