Share
Explore BrainMass

Predict the Change of Exchange Rate

Not sure which formula gives me this answer.
The Economist reports that the interest rate per annum is 5.93% in the U.S and 70.00% in Turkey,in the October 23, 1999 issue. Based on the reported interest rates, how would you predict the change of the exchange rate between the U.S. dollar and the Turkish lira?

Not sure how to get started.

Solution Summary

Uses US dollar and Turkish Lira from 1999

$2.19