pound? 5. Vancouver Exports. A Canadian exporter, Vancouver Exports, will be receiving six payments of E12,000, ranging from now to 12 months in the future. Since the company keeps cash balances in both Canadian dollars and U.S. dollars, it can choose which currency to exchange the euros for at the end of the various periods. Which currency appears to offer the better rates in the forward market? Period Days Forward C$/euro US$/euro spot 1.3360 1.3221 1 month 1.3368 1.3230 2 months 60 1.3376 1.3228 3 months 90 1.3382 1.3224 6 months 180 1.3406 1.3215 12 months 360 1.3462 1.3194