A contractually agreed right to buy (put) or to sell (call) a specific amount of one currency for a specified amount of another predetermined future date (European option) or up to a predetermined future date (American option). Like forward exchange…
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The price of a foreign currency that is bought or sold for delivery and payment at a fixed future time, usually 30, 60 or 90 days. Forward transactions enable importers and exporters who will have to make, or will receive,…
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