Explain the concept of interest rate parity (IRP). Write down the condition under which (IRP) will be satisfied. Verify whether IRP is satisfied for the following currency pairs:

AUD/USD; USD/EUR; NZD/JPY

You may use the rates you have obtained in Q1 a) and b). Provide all calculations. You may need to collect interest rate data. The following sample is provided as an illustration.

EURODOLLAR DEPOSIT RATES- Month 1... 3. SNZD 1.45 USD 2.28 2.25 2.15 2.09 Source: Commonwoalth Bank- July 15, 2019 Euro Strane 1.00 -0.95 Yon 0.40 0.70 0.70 0.73 086 -0.50 tmuraastakkin 1.45 1.76 1.74 0.45 -0.48 039 0.90 -0.44 -0.22 12.... eursams 0.38 0.80