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 $0.76 $0.80

Euro $1.68 $1.60

Which of the following statement is true?

1. The two currencies have the same forecast error

2. The forecast error for the Canadian dollar is greater than the forecast error for the Euro

3. The forecast error for the Euro is greater than the forecast error for the Canadian dollar

4. Under the assumption that the currency's volatility is the same, the two currencies have the same forecast error