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How should I adopt the UIP model of exchange rate determination to decide whether to invest in China yuan in the current financial markers with

How should I adopt the UIP model of exchange rate determination to decide whether to invest in China yuan in the current financial markers with negative impacts of covid-19. If yes, what would be the cost assuming current 1-year USD interest rate is 0.5% and 1-year CNY rate is 3.5%?

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