Question: Please answer Question in Essay format 3 paragraphs 3. As of August 1, 2023, the exchange rate between the Brazilian real and the US Dollar

Please answer Question in Essay format 3 paragraphs 3. As of August

Please answer Question in Essay format 3 paragraphs

3. As of August 1, 2023, the exchange rate between the Brazilian real and the US Dollar was R 4.9694/$2 The consensus forecast for the US and Brazilian inflation rates for the next one-year period was 2.6% and 20%, respectively. What would you forecast the exchange rate to be at around August 1, 2024? 3. As of August 1, 2023, the exchange rate between the Brazilian real and the US Dollar was R 4.9694/$2 The consensus forecast for the US and Brazilian inflation rates for the next one-year period was 2.6% and 20%, respectively. What would you forecast the exchange rate to be at around August 1, 2024

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