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The 6-month forward rate between the British pound and the U.S. dollar is $1.59 per pound. If 6 month rates are 2.09% in the United
The 6-month forward rate between the British pound and the U.S. dollar is $1.59 per pound. If 6 month rates are 2.09% in the United States and 3.7% in England, what is the current exchange rate? (The answer should be rounded to two decimals, without the $ and /E sign)
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