Foreign currency exchange rate determination

Reference no: EM1345840

One British pound can buy 1.62 U.S. dollars today in foreign exchange market and currency forecasters predict that U.S. dollar will depreciate by 12 percent against the pound over next 30 days. How many dollars will a pound buy in 30 days?

$1.41US
$1.69US
$1.81US
$2.04US
$2.13US

Reference no: EM1345840

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