Assume that interest rate parity holds. The U.S. five-year interest rate is 5% annualized, and the Mexican five-year interest rate is 8% annualized. Today's spot rate of the Mexican peso is $.3011. What is the approximate five-year forecast of the peso's spot rate if the five-year forward rate is used as a forecast?

		$.193
		$.256
		$.262
		$.277