2 FX6.4 Suppose that the spot exchange rates for polish zloty (PLN) are as follows: EUR/PLN - 4.0748 (e.: how much PLN is per 1.00 EUR) USD/PLN = 3.6109 (ie.: how much PLN is per 1.00 USD) At the same time, the interest rate in U.S.A., Eurozone and Poland are as follows (in a table): LIBOR USD EURIBOR EUR 3 months 1.1976% -0.3290% 1.73% 6 months 1.4174% -0.2540% 1 year 1.7257% -0.1310% 1.85% WIBOR PLN 1.81% Based on these rates, what forward exchange rates are consistent with no arbitrage? Follow covered interest rate parity and calculate forward exchange rates EUR/PLN and USD/PLN, Le: analyze and answer how much PLN would be per 1.00 EUR (or per 1.00 USD) in future as the interest rate parity model works. Fill in the blanks with the relevant answers (round 4 digits after decimal point). Forward exchange rate EUR/PLN in 1 year is: Forward exchange rate EUR/PLN in 6 months is: Forward exchange rate USD/PLN in 3 months is: Reset