Question: If expected inflation during the next year in the U.S. and Australia are 3% and 5%, respectively, and if the current spot exchange rate is

If expected inflation during the next year in the U.S. and Australia are 3% and 5%, respectively, and if the current spot exchange rate is AUD 1.9419 / USD, then in order for relative PPP to hold, the spot rate expected in 1-year should be ____

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