Assume the inflation rate in the U.S. is 1.23 percent. The spot rate for a foreign currency
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume the inflation rate in the U.S. is 1.23 percent. The spot rate for a foreign currency is 1.16 while the 1-year forward rate is 1.19. What is the approximate rate of inflation in the foreign country?
Posted Date: