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1. The Mexican Peso (MXN) is currently trading at 18.52MXN / 1USD on March 23, 2023. 2. The interest rate is expected to be 8.4%

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1. The Mexican Peso (MXN) is currently trading at 18.52MXN / 1USD on March 23, 2023. 2. The interest rate is expected to be 8.4% on an annual basis in Mexico and 4.5% per annum in the US during the same period. 3. Assuming that Interest Rate Parity (IRP) holds, find the exchange rate expected in one year on March 1, 2022

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