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Interest rates in Thailand are at 0.5% p.a. and in South Africa they are currently at 3.5% p.a. According to the international Fisher effect the

Interest rates in Thailand are at 0.5% p.a. and in South Africa they are currently at 3.5% p.a. According to the international Fisher effect the South African Rand spot rate is expected to _____ by about _____ over the next year. depreciate; 7.00 percent appreciate; 2.90 percent depreciate; 2.90 percent None of the other options are correct appreciate; 7.00 percent

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