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What is one-year forward rate that should prevail for gbp

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Problem 1: As of today, the spot exchange rate between China and the U.K. is 1 GBP = 8.44 RMB. Rates of inflation expected to prevail for the next year in China and the U.K. are 4.4% and 3.7%, respectively. What is the one-year forward rate that should prevail for the GBP in terms of RMB (RMB/GBP)? Round your final answer to two decimal places (Ex. 0.00)

Reference no: EM132917727

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