Question: The current spot rate is $1.10 per euro. The expected rate of change over the next month is -0.5% (euro expected to depreciate by half

The current spot rate is $1.10 per euro. The expected rate of change over the next month is -0.5% (euro expected to depreciate by half a percent). The standard deviation of the rate of change is 2%. calculate what is the conditional volatility for the euro?

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