Suppose the current GBP/USD spot rate is 55 on January 1st. By year-end, the U.S. CPI is expected to climb from 144 to 150 and t

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问题 Suppose the current GBP/USD spot rate is 55 on January 1st. By year-end, the U.S. CPI is expected to climb from 144 to 150 and the U.K. CPI from 120 to 1According to relative PPP, what is the expected spot rate on December 31?______.

选项 A、3.10
B、0.78
C、0.81
D、2.98

答案B

解析 答案为B项。根据相对购买力平价理论,新的汇率等于:El=En×IA/IB。其中,El代表通货膨胀后两国新的汇率,Eo代表过去的汇率或基期汇率,IA代表A国的通货膨胀率,IB代表B国的通货膨胀率。经过计算,12月31日英镑/美元的预期汇率=55×[(150—144)/144]/[(130一120)/120]=0.78。故本题选B项。
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