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In January 2023, the exchange rate between Euro () and U.S. dollar ($) is $0.99/.The nominal interest rate for the E.U. and U.S for the

In January 2023, the exchange rate between Euro (€) and U.S. dollar ($) is $0.99/€.The nominal interest rate for the E.U. and U.S for the next 1-year period is 11% and 8%, respectively. Also, the real interest rate for the E.U. and U.S for the next 1-year period is 5% and 6%, respectively. 


What would you forecast the exchange rate to be at around January 2024?

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