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Intro The current spot exchange rate is $0.044 per Mexican peso. Assume that the real interest rate is 2% everywhere, and that the annual nominal

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Intro The current spot exchange rate is $0.044 per Mexican peso. Assume that the real interest rate is 2% everywhere, and that the annual nominal interest rate is 3.1% in the U.S. and 5.9% in Mexico. Part 1 Attempt 2/2 for 5 pts. What is the approximate expected percentage change in the exchange rate (measured in U.S. dollars per Mexican peso) according to the international Fisher effect

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