Question: A macroeconomic analyst working at Morgan Stanley is preparing a forecast for the exchange rate between the Russian Ruble and the USD. He is using

A macroeconomic analyst working at Morgan Stanley is preparing a forecast

A macroeconomic analyst working at Morgan Stanley is preparing a forecast for the exchange rate between the Russian Ruble and the USD. He is using several methods, one of which is the International Fisher Effect. The spot rate is USD 0.019 / RR and his colleagues project a 13% interest rate in Russia and a 4% interest rate in the U.S. for next year. Based on these projections, what will be the analyst's forecast for the 1-year ahead future spot rate for the RR in USD? Provide your answer rounded to four decimals

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