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26-04-2024
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On April 22, 2024 the exchange rate between the Turkish Lira and U.S. dollar was EL/$ = 32.59. The consensus forecast for the U.S. and Turkish inflation rates for the next 1-year period is 3.5% and 65%, respectively. Assuming that relative PPP holds between Turkey and the US, What would you forecast the exchange rate to be on April 22, 2025?

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