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Use the values in the table to calculate activity durations and variances for the project.Which path is critical? How closely should the other path be watched and why?
Forward Exchange Rate
The agreed-on exchange rate to be used in a forward trade.
Premium
The amount paid for a contract or policy over and above its nominal value or for a product above its market price due to special features or quality.
Direct Exchange Rate
The amount of domestic currency needed to purchase one unit of a foreign currency.
Canadian Dollar
The currency of Canada, represented by the symbol CAD and often referred to as the "loonie" due to the loon depicted on the one-dollar coin.
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