Forward Rate
Noun
US
/ˈfɔːwəd reɪt/
UK
/ˈfɔːwəd reɪt/
US
/ˈfɔːwəd reɪt/
UK
/ˈfɔːwəd reɪt/
An agreed exchange rate for a currency transaction at a future date.
Forward Rate affects cross-border transactions, trade, and currency exchange.
Also known as: Forward Exchange Rate, Forward Contract. Closely related to Spot Rate, Forex.
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Forward Rate - key concept in International Finance.
Currency hedging; International trade; Risk management
Applied in International Finance contexts: Currency hedging; International trade