Question
The Malaysian ringgit has diminished in value relative to the US dollar. The Malaysian ringgit relative to the U.S. dollar is currently RM11/USD. Your estimate
The Malaysian ringgit has diminished in value relative to the US dollar. The Malaysian ringgit relative to the U.S. dollar is currently RM11/USD. Your estimate is that the ringgit will lose 20% of its value relative to the dollar over the next year. What is your forecast of the dollar price of Malaysian ringgit in 1 year?
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Real Estate Finance
Authors: John P. Wiedemer
8th Edition
0324142900, 9780324142907
