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The Mexican peso has weakened considerably relative to the dollar, and you are trying to decide whether this is a good time to invest in

The Mexican peso has weakened considerably relative to the dollar, and you are trying to decide whether this is a good time to invest in Mexico. Suppose the current exchange rate of the Mexican peso relative to the U.S. dollar is MXN9.2/USD. Your investment advisor at Goldman Sachs argues that the peso will lose 15% of its value relative to the dollar over the next year. What is Goldman Sachss forecast of the exchange rate in 1 year?

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