The forward exchange market is a market for contracts that ensure the future delivery of a foreign currency at a specified exchange rate. The price of a forward contract is known as the forward rate.
Read more about Forward Exchange Market: Forward Rates
Famous quotes containing the words exchange and/or market:
“Ants are so much like human beings as to be an embarrassment. They farm fungi, raise aphids as livestock, launch armies into war, use chemical sprays to alarm and confuse enemies, capture slaves, engage in child labor, exchange information ceaselessly. They do everything but watch television.”
—Lewis Thomas (b. 1913)
“The only reason to invest in the market is because you think you know something others don’t.”
—R. Foster Winans (b. 1948)