Search results
We did not find results for: forward exchange rate definition.
Check spelling or type a new query.
We did not find results for: forward exchange rate definition.
Check spelling or type a new query.
Exchange rate of a currency on a future date
The forward exchange rate (also referred to as forward rate or forward price) is the exchange rate at which a bank agrees to exchange one currency for another at a future date when it enters into a forward contract with an investor. Multinational corporations, banks, and other financial institutions enter into forward contracts to take advantage of the forward rate for hedging purposes. Wikipedia