The quarterly data are not available,so you obtained annual data instead and plan to convert them to quarterly data.The most recent annual interest rates are 3.92% in the U.S. and 2.75% in the U.K.The most recent annual inflation rates are 3.28%in the U.S. and 3.7% in the U.K.Today the spot rate is $1.1748.Estimate the exchange rate in a quarter.

Round to four decimal places.Example $1.1234