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The following table shows an MNCs forecasted and realized values for one time period for the Canadian dollar and the euro. Currency Forecasted Value Realized

The following table shows an MNCs forecasted and realized values for one time period for the Canadian dollar and the euro.

Currency

Forecasted Value

Realized Value

Canadian Dollar $0.63 $0.60
Euro $1.26 $1.20

For the current period, the forecast error (as a percent of the realized value) for the Canadian dollar is _______ percent while the forecast error (as a percent of the realized value) for the euro is _________ percent. (Hint: Input your answers as positive numbers.)

In general, in periods when the value of a currency is more volatile, the resulting forecast error will be (larger or smaller)?

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