Range forward

Range forward

A forward exchange rate contract that places upper and lower bounds on the future cost of foreign exchange.

Range Forward

A forward contract on a currency with a collared payout. It is used to hedge a short position on the underlying currency. See also: Cylinder.
References in periodicals archive ?
The city has a strong digital sector and excellent universities with which mkodo can engage to help drive our innovative and proven product range forward.
After delivering an impressive pitch they have demonstrated some brilliant plans which I know will help drive the expansion of our Everyday range forward.
I'm looking to take the way I've been hitting shots on the range forward.
From their advantageous position Edinburgh attacked with a series of close range forward drives and then a wide attack that ended with centre Nick de Luca being stopped two metres short of the try line.
At the same time, Mazda want to keep their core customers happy and prove that they can take their 15-strong model range forward.
Nick Crean, chairman at Prestat, said: "To take the Choxi+ bar range forward, we needed a partner willing to invest in significant new manufacturing capacity.
There will be another four trading teams for health and beauty, as well as an enlarged non food and a fully integrated clothing team working to drive the Tu range forward.
The S60 saloon and V70 estate moved the whole range forward in leaps and bounds and are right up there with the other major executive cars from BMW and Audi in most ways, but better value for you and me now that they are getting a few years down the line.
Apparently, to change the Cayenne into a serious mud-plugger you only have to press a switch that selects a secondary gearbox to give you six low- range forward gears instead of the high-ratios needed for normal roads.
The Committee also reaffirmed the 3-to-7 percent range for the debt aggregate and carried this range forward on a provisional basis for 1996, concluding that debt growth within this range would be expected to accompany the moderate economic expansion it was seeking to foster.
And even if anticipatory hedge accounting is acceptable for foreign currency options, what does the CPA do with instruments such as foreign exchange participating forwards and range forward contracts that have elements of both options and forwards?