Understanding A forward contract
(noun) a means to lock in a foreign currency exchange rate International Budget Risk Meeting planners, like other business professionals, have budgets and want to lock down costs. With foreign exchange rates unpredictable at best, many companies look to forward contracts when they need to buy foreign currency in the future and want to protect their budget now. A forward contract is a financial tool that allows you to secure a current exchange rate but make the actual currency exchange in ...
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