Currency Forward
A forward contract in the forex market that locks in the price at which an entity can buy or sell a currency on a future date. Also known as "outright forward currency transaction", "forward outright" or "FX forward". Investopedia Says:
In currency forward contracts, the contract holders are obligated to buy or sell the currency at a specified price, at a specified quantity and on a specified future date. These contracts cannot be transferred. Related Terms:
Currency
Currency Future
Exchange Rate
Forex - FX
Forward Contract
Hedge
Noon Average Rate Contract - NARC
Quantity-Adjusting Option - Quanto Option |