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The current spot rate between the Swiss Franc and the US Dollar is CHF0.99/$. The US Dollar is expected to depreciate by 2% in 1

The current spot rate between the Swiss Franc and the US Dollar is CHF0.99/$. The US Dollar is expected to depreciate by 2% in 1 year. Given the standard deviation of 8.5% and normally distributed exchange rates. What is the conditional volatility of the CHF//$ exchange rate?

Conditional Volatility =0.03587

Conditional Volatility =0.06874

Conditional Volatility =0.07587

Conditional Volatility =0.08415

Conditional Volatility =0.02478

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