Question: Using the information below, what will be the spot rate of the Singapore dollar (USD/SGD) in three years based on the international fisher effect (=UIRP)?

Using the information below, what will be the spot rate of the Singapore dollar (USD/SGD) in three years based on the international fisher effect (=UIRP)? KEEP AT LEAST TWO DECIMALS

Spot Exchange rate of the Singapore dollar (USD/SGD) =0.71

Three-year annualized IR in the U.S. ( i.e., annual rate expected each year over the following three years), in% = 3.6

Three-year annualized interest rate in Singapore (%) =0.62

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