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  3. shown below are exchange rates for several currenc

Shown below are exchange rates for several currencies. US$...

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Finance

Shown below are exchange rates for several currencies.

US$ per 1 euro US$ per 1 franc Mexican peso per US$1
Spot rate 1.21 1.03 19.68
30-day forward rate 1.19 1.06 20.15
60-day forward rate 1.15 1.07 21.28

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 any of the suppliers now or should it wait 60 days? Why?

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