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You use today's spot rate of the Brazilian real to forecast the spot rate of the real for one month ahead. Today's spot rate is

You use today's spot rate of the Brazilian real to forecast the spot rate of the real for one month ahead. Today's spot rate is $0.4512. Assume that you obtain the end-of-month spot exchange rates of the Brazilian real during the end of each of the last 6 months.
End of
Month Value of
Brazilian real
1 $ 0.4243
20.4194
30.4183
40.4502
50.4606
60.4512
Use the value-at-risk method to determine the maximum percentage loss of the Brazilian real over the next month based on a 95 percent confidence level. Do not round intermediate calculations. Round your answer to two decimal places.
%
Forecast the exchange rate that would exist under these conditions. Do not round intermediate calculations. Round your answer to four decimal places.

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