Shown below are exchange rates for several currencies.

	$ per 1 euro	$ per 1 franc	Peso per $1
Spot rate	1.33	1.08	12.8
30-day forward rate	1.31	1.11	13.1
60-day forward rate a) Is the EURO appreciating or depreciating against the US dollar? Explain. b. Is the Swiss franc appreciating or depreciating against the U.S. dollar? Why? c. Is the Mexican peso appreciating or depreciating against the U.S. dollar? Why? d. Using cross-rates, based on the spot rate, how many francs will the euro buy, how many pesos will the franc buy, and how many euro will the peso buy? e. A U.S. company purchases goods from several foreign companies with payment due in euros, francs, and pesos. Would the company be better off paying now or waiting for 60 days? Why?	1.29	1.22	13.9