According to this morning's The National Post, you can exchange $1 for $0.77 U.S. in three months. Thus, the ________ is $1.30 Canadian.

Name: According to this morning's The National Post, you can exchange $1 for $0.77 U.S. in three months. Thus, the ________ is $1.30 Canadian.
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Question

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The correct term is "Forward rate," which refers to the agreed-upon exchange rate for currency to be exchanged at a future date, in this case, three months from now.

According to This Morning's the National Post, You Can Exchange