Range forward(redirected from Range Forwards)
A forward exchange rate contract that places upper and lower bounds on the future cost of foreign exchange.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved