The Current Spot Exchange Rate Between the Japanese Yen and the U.S.dollar

question 77

Multiple Choice

The current spot exchange rate between the Japanese yen and the U.S.dollar is 92.61 Y/US$.The yen is expected to appreciate by 4% against the dollar over the next year.What do you expect the spot exchange rate between the yen and the dollar to be one year from now?

• A)92.61 Y/US$
• B)98.18 Y/US$
• C)89.05 Y/US$
• D)103.08 Y/US$

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