Search the Internet for the interest rate on one-year treasury bonds of the United States government. (Hint: Use "US treasury bond rates" as key words in search engines.) Do the same for an equivalent bond in a country of your choice other than the United States. (If you have difficulty, search for the lowest interest rate on the safest one-year assets in the country.)

Then, record the interest rates in the US and your selected country along with the exchange rate of the two countries' currencies for the most recent date on which all three numbers are available. Use those numbers and the interest parity condition to find the expected exchange rate for one year from the date.

Finally, compare the expected exchange rate with the current spot rate and discuss why the selected country's currency may be expected to appreciate or depreciate. Does that currency look more attractive to invest in than the US dollar?