Can anybody explain this for me

imhotep

Well-known member
  • Mar 29, 2017
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    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

    Well-known member
  • Oct 15, 2006
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    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