What is a forward foreign exchange transaction  

  Tip Sheet Credibility: 60

» Business & Finance

created by one2get2no 2010-03-15 07:53:50 am

Tip Sheet



A forward foreign exchange transaction is essentially an agreement to buy or sell a currency on a date that is greater than the spot date. The rate is agreed today with delivery of the currency at an agreed future date.

Tip Credibility: 60


submitted by one2get2no 2010-03-15 07:53:50 am    

 


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