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please be detailed! PROBLEM 2 (5 POINTS) Assume that the exchange rate is 23.38 THB/1 CAD (THB: Thai Baht, CAD: Canadian Dollar) a) A forecast

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PROBLEM 2 (5 POINTS) Assume that the exchange rate is 23.38 THB/1 CAD (THB: Thai Baht, CAD: Canadian Dollar) a) A forecast predicts a -6.5% THB depreciation. What is the value of the exchange rate that this individual is predicting? (2 POINTS) b) Another forecast is predicting a 3.2% CAD appreciation. What is the value of the exchange rate that this individual is predicting? (2 POINTS) c) Do the forecasters in a) and b) agree or disagree with each other? Explain. (1 POINT)

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