Estimate the 30-, 90-, & 180-day forward premium or discount for the Canadian dollar in European terms.
The formula we desire to employ is:
fN,$vCD = [(FN(CD/$) - S(CD/$))/S(CD/$)] x 360/N
f30,$vCD = [(1.4709 - 1.4715)/1.4715] x 360/30 = -.0049
f90,$vCD = [(1.4694 - 1.4715)/1.4715] x 360/90 = -.0057
f180,$vCD = [(1.4676 - 1.4715)/1.4715] x 360/180 = -.0053