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butalik [34]
3 years ago
8

4. The Mexican peso has weakened considerably relative to the dollar, and you are trying to decide whether this is a good time t

o invest in Mexico. Suppose the current exchange rate of the Mexican peso relative to the U.S. dollar is MXN 9.5/USD. Your investment advisor at Goldman Sachs argues that the peso will lose 15% of its value relative to the dollar over the next year. What is Goldman Sachs’s forecast of the exchange rate in 1 year?
Business
1 answer:
LenKa [72]3 years ago
5 0

Answer:

The forecast exchange rate in one's year time according to Goldman Sachs is MXN 14.25/USD

Explanation:

The fact that the Mexican Peso will lose 15% of its value to the dollar means that a dollar will command 15% of the current Peso value  in  a year's time.

Mathematically, MXN 9.5*1.15= MXN14.25 in a year's time.

It also implies that a Mexican with dollars wanting to convert into MXN in a year's time will receive more Peso compared to now.

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<h3>What is the logical conclusion?</h3>

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1 year ago
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<h3>What is the difference between a more developed country and a less developed country?</h3>

A developed country is a government that has a high level of automation and per capita income while a developing country is a country that is still in the early phases of industrial development and has a low per capita revenue.

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2 years ago
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