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Forward foreign exchange contract
A forward between two entities, one of which is generally a financial institution, to exchange specific quantities of two different currencies on a specified future date at a specified rate (the forward exchange rate).
Other terms such as currency forward contract, foreign exchange forward and foreign exchange forward contract are sometimes used to designate a forward exchange contract.
Translations
Synonyms and variations
- Currency forward 1.
- Currency forward contract
- Foreign currency forward
- Foreign currency forward contract
- Foreign exchange forward
- Foreign exchange forward contract
- Forward currency contract
- Forward exchange contract