Question
In july the 1 year interest rate for british pounds was 12% and 9% on US dollars. If the current exchange rate is $1.63:1 pound,
In july the 1 year interest rate for british pounds was 12% and 9% on US dollars. If the current exchange rate is $1.63:1 pound, what is the expected future exchange rate? Also if the expected future spot rate drops to $1.52:1 pound what would happen to the US r?
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Understanding financial statements
Authors: Lyn M. Fraser, Aileen Ormiston
9th Edition
136086241, 978-0136086246
