Below is a table of the number of U.S. Dollars it cost per British Pound Sterling. Use the information below to produce the MA(4) or 4-period moving average forecast for January 2017.

Enter ONLY your January 2017 forecasted value. Round your answer to two decimal places (e.g., 1.23).

Month	Qtrly Exchange Rate	MA(4)
Oct-14	1.58
Jan-15	1.51
Apr-15	1.53
Jul-15	1.55
Oct-15	1.52
Jan-16	1.26
Apr-16	1.18
Jul-16	1.13
Oct-16	1.55
Jan-17		?

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