What will the spot rate be in one year according to the ife

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Reference no: EM13935913

Forecasting the future spot rate based on IFE. Assume that the spot exchange rate of the Singapore dollar is £0.35. The one-year interest rate is 11% in the United Kingdom and 7% in Singapore. What will the spot rate be in one year according to the IFE? (You may use the approximate formula to answer this question.)

Reference no: EM13935913

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