Question: 3 1 Formula 5 points Suppose that the current exchange rate between the US and Macedonia is 5 4 Denars / Dollar . If the

31
Formula 5 points
Suppose that the current exchange rate between the US and Macedonia is 54
Denars/Dollar. If the US interest rate equals 0.62% and Macedonian interest rate equals 5%, what is the expected exchange rate in one year according to the NIRP? Round your answer to two decimal points and omit any units (e.g.,1.23 NOT 1.23 Denars/Dn/llar)
3 1 Formula 5 points Suppose that the current

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