Please show all work

Shown below are exchange rates for several currencies.

US$perEuro US$ Per Franc Mexican Peso per US$1

Spot rate	1.38	1.12	12.9
30-day forward rate	1.36	1.13	13.1
60-day forward rate	1.33	1.18	13.9

a. Is the euro appreciating or depreciating against the U.S. 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?

Euro Swiss Franc Mexican peso

Spot rate 1.38 1.12 0.08

Cross rate euro-buys francs franc buys peso peso buys euro

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?