Analyzing Currency Exchange Models and Predictions

You are analyzing the exchange rate of the Swedish krona against the euro. According to various exchange rate models, you consider the implications of purchasing power parity (PPP) and interest rate parity (IRP) on the future value of this exchange rate. In the past year, the inflation rate in Sweden was 2%, while in the Eurozone it was 4%. Meanwhile, the nominal interest rate in Sweden is 3% and in the Eurozone is 1%. Based on this information, which exchange rate model would most accurately predict the future behavior of the Swedish krona relative to the euro?