Question：Inflation rates in two countries are as follows:
UK 3%
Switzerland 5%
Current spot rate is SFr2.3175/?1. Calculate the exchange rate for the next three years to four decimal places.
Year 1 ________
Year 2 ________
Year 3 ________
The correct answers are:
Year 1 2.3625
Year 2 2.4084
Year 3 2.4551
These are calculated by taking the spot rate now and multiplying by 1.05 and dividing by 1.03. The ? is strengthening against the SFr because inflation is lower in the UK - you can get more SFr for each pound every year.
　　高顿网校温馨提醒
　　各位考生，2016年ACCA备考已经开始，为了方便各位学员能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的ACCA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习。戳这里进入ACCA免费题库>>>

微信扫一扫，关注ACCA*7资讯，满满的干货喂饱你！ACCA微信公众号：gaodunaccaACCA分享与交流QQ群：227573128 

展开全文