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Forward Exchange

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Forward exchange
A type of foreign exchange transaction whereby a contract is made to exchange one currency for another at a fixed date in the future at a specified exchange rate. By buying or selling forward exchange, businesses protect themselves against a decrease in the value of a currency they plan to sell at a future date.
Forward Currency Contract
An agreement between two parties to exchange two currencies at a given exchange rate at some point in the future, usually 30, 60, or 90 days hence. A forward currency contract mitigates foreign exchange risk for the parties and is most useful when both parties have operations or some other interest in a country using a given currency. Forward currency contracts are over-the-counter contracts.
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England were competing feverishly at the breakdown, but despite coming off second best in some of the forward exchanges, the All Blacks looked lethal every time their backs gained possession.
England 6 New Zealand 19 by Independent Television News Limited (ITN)
Restored to high spirits after recovering from the knee injury which cruelly cut short his Lions tour, Ferris is ready to continue the role he performed with such ferocity in the Six Nations - policing the forward exchanges.
Expect a collision of the big hitters by The Journal (Newcastle, England)
Restored to high spirits after recovering from the knee injury which cruelly cut short his Lions tour, the destructive 24-year-old Ulsterman is ready to continue the role he performed with such ferocity in the RBS Six Nations - policing the forward exchanges.
Ferris fired up for Oz battle by Birmingham Mail (England)
 
 
 
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