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How to forecast the future exchange rate in the short and long term? 1 . Please discuss what factors are relevant ( or what variables

How to forecast the future exchange rate in the short and long term?
1.Please discuss what factors are relevant (or what variables should be considered.
2.Describe how these factors and considerations help forecast the exchange rate.
Apply concepts such as fixed vs floating exchange regime, and address both short and long term forecast.

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