The exchange rate in 2007 was R6.8344/$.If the cost of living was the same in the United States and South Africa,forecasting that inflation in 2008 would be about 8.5% in South Africa and 3.5% in the United States.Calculate the expected exchange rate at the end of 2008.

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The Answer of The exchange rate in 2007 was R6.8344/$.If the cost of living was the same in the United States and South Africa,forecasting that inflation in 2008 would be about 8.5% in South Africa and 3.5% in the United States.Calculate the expected exchange rate at the end of 2008.

The Exchange Rate in 2007 Was R6