Forward parity

Forward parity

Notion that the forward rate is an unbiased predictor of future spot exchange rates.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Forward Parity

In currency trading, a theory stating that the forward exchange rate for a currency is an unbiased predictor of the future spot rate. That is, all other things being equal, forward parity states that exchange rate trades for some future dates will accurately predict what the exchange rate will be on that date in the future. See also: Forward discount.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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In-form wingers Tom Varndell and Christian Wade, who each bagged two tries against Welsh last Sunday, are obvious threats if Wasps can secure forward parity and only once this season has that not happened.
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Otley then had their best period of the match and had a period of forward parity. They retained possession through a number of phases and an excellent move saw their forwards and backs linking well to outstrip the Boro cover and release their No 8 to score.
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It was by no means all doom-and gloom for the Falcons last night despite the result, as an even first half contest saw a mix-and-match Newcastle side achieve forward parity against one of the top teams in Europe.
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The potential for English dominance up front is not lost on Ruddock who remembers the Twickenham clash two years ago when Wales struggled to gain forward parity.
Rugby: Ruddock senses rising pressure on England
They fly out to the Isle of Man to take on Vagabonds and will need to gain forward parity if they are to prevail.
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