Estimate the 30- day- 90- day and180-day forward premium

Question

Estimate the 30-, 90-, & 180-day forward premium or discount for the Canadian dollar in European terms.

The formula we desire to employ is:

f_N,$vCD    = [(F_N(CD/$) - S(CD/$))/S(CD/$)] x 360/N

f_30,$vCD   = [(1.4709 - 1.4715)/1.4715] x 360/30   = -.0049

f_90,$vCD   = [(1.4694 - 1.4715)/1.4715] x 360/90   = -.0057

f_180,$vCD  = [(1.4676 - 1.4715)/1.4715] x 360/180  = -.0053