Predict the change of the exchange rate

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Reference no: EM1375658

The Economist reports that the interest rate per year is 5.93 percent in the United States and 70.00 percent in Turkey,in the October 23, 1999 issue. Based on the reported interest rates, how would you predict the change of the exchange rate between the U.S. dollar and the Turkish lira?

Reference no: EM1375658

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