Forward contract currency conversion
A currency forward contract is an agreement between two parties to exchange a certain amount of a currency for another currency at a fixed exchange rate on a Forwards. Use: Forward exchange contracts are used by market participants to lock in an exchange rate on a specific date. An Outright Forward is a binding A Forward Contract is an arrangement that allows you to transfer money at some time (up to 12 months) in the future at an exchange rate that you agree to now,