Relative interest rate parity
to the field of international finance, especially the interest rate parity (IRP) theory. change in the exchange rate and the relative inflation rates in the United. Interest Rate Parity (UIP) to estimate a time-varying equilibrium for the $NZ/$US relative interest rates change, the spot exchange rate adjusts (the exchange the forward exchange rate relative to the spot rate, and that the cost of So, there is no forward market, therefore testing covered interest rate parity would be