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Currency Forward

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Currency Forward

What Does Currency Forward Mean?

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 an outright forward currency transaction, forward outright, or FX forward.

Investopedia explains Currency Forward

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 are not transferrable.

Related Terms:
Currency Swap
ForexFX
Forward Contract
Hedge
Option



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Although the definition of a foreign currency contract provided in 1256(g)(2) may be read to include a foreign currency option contract, the legislative history of the Technical Corrections Act of 1982, which amended 1256 to include foreign currency contracts, indicates that the Congress intended to extend [section] 1256 treatment only to foreign currency forward contracts that are traded on the interbank market.
The state bank's chief Min Euoo-Sung said last week that KDB would not take part in a new share sale and would retrieve maturing currency forwards or loans unless GM accepts its demands.
The state bank's chief Min Euoo-Sung said last week that KDB would not take part in a new share sale and would retrieve maturing currency forwards or loans unless GM accepts its demands.
 
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