Assume the current spot rate between the UK and the U$.$S$.$ is $0\mathrm{.}745$ per $ $1,$ the expected inflation rate in the U$.$S$.$ is $1\mathrm{.}67$ percent $,$ and the expected inflation rate in the UK is $4\mathrm{.}17$ percent $.$ If relative purchasing power parity exists $,$ what will the exchange rate be next year $?$ Enter your answer rounded off to FOUR decimal points $.$ Do not enter any currency symbol in th answer box $.$