What should be the three month forward exchange rate

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Reference no: EM131866097

The spot rate between the U.S. Dollar and the New Zealand dollar is $1= NZD1.3376. Assume the interest rate in the United States is 8 percent and in New Zealand is 4 percent. What should be the 3 month forward exchange rate? (Do not intermediate calculations. Round your answer to 4 decimal places.)

Reference no: EM131866097

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