Victoria Exports (Canada). A Canadian exporter, Victoria Exports, will be receiving six payments of 12,300, 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? (Click on the icon to import the table into a spreadsheet.) C$/euro US$/euro 1.3344 1.3235 30 1.3367 1.3240 60 1.3395 1.3243 90 1.3418 1.3248 180 1.3446 1.3252 360 1.3474 1.3276 Period Days Forward spot 1 month 2 months 3 months Calculate the forward premium, the Canadian dollar proceeds, and the difference from the spot rate proceeds in the C$/Euro forward market below: (Round the forward premium to three decimal places and the Canadian dollar amounts to the nearest cent.) 6 months 12 months C$ Proceeds of Difference 12,300 Over Spot C$ C$ C$ C$ C$ C$ C$ 8 8 8 8 8 8 Days Forward Premium Period Forward C$/euro on the C$/euro Spot 0 1.3344 1 month 30 2 months 60 36 1.3367 % 1.3395 de % 3 months 90 1.3418 % 6 months 180 1.3446 % 12 months 360 1.3474 % C$ C$ 8 8 8 8 8 8 C$ C$ C$ Calculate the forward premium, the U.S. dollar proceeds, and the difference from the spot rate proceeds in the US$/Euro forward market below: (Round the forward premium to three decimal places and the U.S. dollar amounts to the nearest cent.) Forward Premium US$/euro on the US$/euro US$ Proceeds of 12,300 Difference Over Spot Days Period Forward Spot 0 1.3235 69 1 month 30 1.3240 % $ 2 months 60 1.3243 % $ 69 3 months 90 1.3248 % $ 6 months 180 1.3252 % $ 12 months 360 1.3276 % $ 69 $ 69 69 GA Which currency appears to offer the better rates in the forward market? (Select from the drop-down menus.) The Canadian exporter will be receiving six payments of 12,300 euros, 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 change the euros to at the end of the various periods. And since the company wishes to lock in the forward rate for each and every payment, it would appear that the company should lock in forward rates in payments. Since the euro is selling forward at a greater premium against the are higher. than the for all , the resulting dollar proceeds