Question: The current spot rate between the US dollar and the South African rand (ZAR) is 1 USD = 13.21 ZAR. The interest rate in the

The current spot rate between the US dollar and the South African rand (ZAR) is 1 USD = 13.21 ZAR. The interest rate in the US is 3.58% and the interest rate on securities of similar risk and maturity in South Africa is 4.79%. The International Fisher Effect would predict the spot exchange rate in 4 years will be: _____ ZAR = 1 USD (use the exact form). Include two decimal places in your

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