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Use the table provided. Assuming International Fisherlong dashone version of Purchasing Power Paritylong dashapplies to the coming year, forecast the following future spot exchange rates
Use the table provided. Assuming International Fisherlong dashone version of Purchasing Power Paritylong dashapplies to the coming year, forecast the following future spot exchange rates using the government bond rates for the respective country currencies:
a Japanese yen to US dollar in one year
The future spot exchange rate for Japanese yenUS dollar in one year is Yen$Round to two decimal places.
Part
b Japanese yen to Australian dollar in one year
The future spot exchange rate for Japanese yenAustralian dollar in one year is YA$ Round to two decimal places.
Part
c Australian dollar to US dollar in one year:
The future spot exchange rate for Australian dollarUS dollar in one year is A$
$Round to four decimal places
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