Question: One Australian dollar is currently worth $ 0 . 7 4 . Assume that the real interest rate is constant everywhere, and that the annual

One Australian dollar is currently worth $0.74. Assume that the real interest rate is constant everywhere, and that the annual nominal interest rate is 5.1% in the U.S. and 3.9% in Australia.
What is the (exact) expected exchange rate in one year (measured in U.S. dollars per Australian dollar) according to the international Fisher effect?

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