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I would apreciate this done in excel Suppose the exchange rate between the US and Japan today is JPY 115.75 per US $. The the
I would apreciate this done in excel
Suppose the exchange rate between the US and Japan today is JPY 115.75 per US $. The the nominal interest rate in the US is expected to be 7.5% whereas the nominal interest rate in Japan is expected to be 5% next year. What will be the exchange rate between JPY and USD next year? Calculate the precenrage change in exchange rate? Which currency appreciated and which currency deprecited in valve? Why?
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