The current spot USD/HUF exchange rate is 297.06. Long-run inflation in Hungary is estimated at 11.2 percent annually and 3.6 percent in the United States.
The current spot USD/HUF exchange rate is 297.06. Long-run inflation in Hungary is estimated at 11.2 percent annually and 3.6 percent in the United States. If PPP is expected to hold between the two countries, what spot exchange should one forecast 6 years into the future? (XXX.XX)
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Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
12th Edition
1260772160, 978-1260772166
