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"The one-year forward rate of the British pound is $1.55, while the current spot rate is $1.60. Based on the forward rate, what is the expected percentage change in the British pound over the next year

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pedrocarratore

Answer:

-3.125%

Explanation:

The percentage change in the British pound is determined as the difference between the one-year forward rate ($1.55) and the current spot rate ($1.60), divided by the current spot rate, and then multiplied by 100%:

[tex]P = \frac{\$1.55-\$1.60}{\$1.60}*100\%\\ P=-3.125\%[/tex]

Over the next year, the British pound will change by -3.125%.

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