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As of November 1, 1999, the exchange rate between the Brazilian real and U.S. dollar is R$1.97 per $. The consensus forecast for the U.S.

As of November 1, 1999, the exchange rate between the Brazilian real and U.S. dollar is R\$1.97 per \$. The consensus forecast for the U.S. and Brazil inflation rates for the next 1-year period is 2.7% and 20%, respectively. What would you forecast the exchange rate to be at around November 1, 2000? Required: The expected Brazilian real exchange rate in one year: Brazilian reals per 1 USD. Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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