Suppose, one$-$year nominal interest rates in the Eurozone and U$.$S$.$ are $-0\mathrm{.}0125\%$ and

$0\mathrm{.}3785\%,$ respectively. The spot exchange rate is USD $1\mathrm{.}1800/$ EUR. According to the

International Fisher Effect, next year's spot rate ought to be:

USD $1\mathrm{.}1800/$ EUR

USD $1\mathrm{.}1757/$ EUR

USD $1\mathrm{.}1846/$ EUR

EUR $0\mathrm{.}8506/$ USD