What are the major differences between short-term and long-term forecasts for a fixed exchange rate versus a

Question:

What are the major differences between short-term and long-term forecasts for a fixed versus a floating Discuss. Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...