Definition of Forward exchange rate - Finance dictionary
Forward exchange rate((See Chapter 49 of the Vernimmen))
The forward exchange rate of a currency is the rate that can be fixed today to buy (or sell) a currency at a future date. It is based on the spot price and the interest rate differential between the foreign currency and the benchmark currency during the period covered by the transaction.
Forward exchange rate((See Chapter 49 of the Vernimmen))
The forward exchange rate of a currency is the rate that can be fixed today to buy (or sell) a currency at a future date. It is based on the spot price and the interest rate differential between the foreign currency and the benchmark currency during the period covered by the transaction.
Forward exchange rate((See Chapter 49 of the Vernimmen))
The forward exchange rate of a currency is the rate that can be fixed today to buy (or sell) a currency at a future date. It is based on the spot price and the interest rate differential between the foreign currency and the benchmark currency during the period covered by the transaction.