Can anybody explain this for me

[ieannet]

https://www.cbsl.gov.lk/sites/defau...s/cdg/Banking_Act_Directions_No_2_of_2021.pdf


forward sale kiyane mokkda ban

 

[hodakolla]

BUMPER

 

[imhotep]

It's a lock-in mechanism of the exchange rate for a future transaction. A currency forward contract is between two parties - an agreement where a certain amount of a currency is exchanged for another currency at a fixed exchange rate on a fixed future date.

 

[ieannet]

It's a lock-in mechanism of the exchange rate for a future transaction. A currency forward contract is between two parties - an agreement where a certain amount of a currency is exchanged for another currency at a fixed exchange rate on a fixed future date.

thanks