Understanding Carry Trades in Currency Exchange

In the context of foreign exchange markets, a carry trade involves borrowing in a currency with a low-interest rate and investing in a currency with a higher interest rate. This strategy allows traders to potentially profit from the interest rate differential as well as exchange rate movements.

Suppose a trader expects the currency of a country with a lower interest rate to depreciate against the currency of a country with a higher interest rate. Which of the following statements about carry trades is correct?