An Australian importer, Aussies Traders, will be making six payments of BP15,000, ranging from now to 12 months in the future. Since the company keeps cash balances in both Australian dollars and U.S. dollars, it can choose which currency to change to British Pounds at the end of the various periods. Which currency appears to offer the better rates in the forward market for this obligation? Days Period Forward A$/BP US$/BP spot 1.3360 1.3221 1 month 30 1.3368 1.3230 2 months 60 1.3376 1.3228 3 months 90 1.3382 1.3224 6 180 1.3406 1.3215 months 12 360 1.3462 1.3194 months An Australian importer, Aussies Traders, will be making six payments of BP15,000, ranging from now to 12 months in the future. Since the company keeps cash balances in both Australian dollars and U.S. dollars, it can choose which currency to change to British Pounds at the end of the various periods. Which currency appears to offer the better rates in the forward market for this obligation? Days Period Forward A$/BP US$/BP spot 1.3360 1.3221 1 month 30 1.3368 1.3230 2 months 60 1.3376 1.3228 3 months 90 1.3382 1.3224 6 180 1.3406 1.3215 months 12 360 1.3462 1.3194 months