An analyst specializing in currency exchange is examining the current and future exchange rates between the US Dollar (USD) and the Euro (EUR). The following market data has been observed:

• The current exchange rate stands at 1.13 USD for every 1 EUR.
• The annual risk-free interest rate for a USD investment over one year is 2.7%.
• The annual risk-free interest rate for a EUR investment over one year is 1.7%.

Applying the theory of interest rate parity, calculate the forward exchange rate for USD per EUR after a period of two years.