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The current USD/Euro exchange rate is $1.22/Euro. Riskfree rates are 3.2% for the USD and 9.3% for the Euro. What is the interest rate parity
The current USD/Euro exchange rate is $1.22/Euro. Riskfree rates are 3.2% for the USD and 9.3% for the Euro. What is the interest rate parity one-year forward rate?
Record your answer directly as the number of USD per one Euro. For example, if you calculated $3.75/Euro, you would record your answer as: 3.75
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