Suppose the spot exchange rate for the Hungarian forint is HUF 220. Interest rates in the United States are 4.2 percent per year. They are 6.1 percent in Hungary.
Required: What do you predict the exchange rate will be in one year? In two years? In five years? (Enter your answer as directed, but do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)
|
Exchange |
| One Year |
HUF: |
| Two Years |
HUF: |
| Five Years |
HUF: |