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26 A French trader imports goods from London. The following market rates prevail: EURO/USD= 1.18/1.19; GBP/USD=0.69/0.70. Find the EURO/ GBP exchange rate. [2 Marks) 2c

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26 A French trader imports goods from London. The following market rates prevail: EURO/USD= 1.18/1.19; GBP/USD=0.69/0.70. Find the EURO/ GBP exchange rate. [2 Marks) 2c The current exchange rate is YEN 122/ USD. If inflation in japan is 2 percent and that in USA 3 percent, calculate the expected exchange rate after one year. 13 Marks)

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