have generally declined substantially agminst the tollar pver tine. Most of these countries have high intlation rates and high interest rates. The data on inflation rakes, ecornomic grewth, and other connemic indicators are subject to eror, as linited resources are used to cormpie the data. Fxplain the forward rate of eah Latin Mmescan cumency woula haye a large because the Latin Amencan unterest rate would be much than the U.f: imerest rate. Thus, market-hased forecast woisld resin in a forecas of in ary particilar Latin Amerikan currency Techecal foreconting would result io a forcast of in the bast, and enest tectinical methods would apply the past trends to the future: C. Do you think that U.5. firms can accucately forecast the foture values of Latin Acmerican caumencies? Explain. U.S. firms Ionteast tatin American currency valoes acoumatly because of their. volatility level