Range forward

Range forward

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.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
"We have a long-term product strategy which will take the product range forward and lead to a bigger range.
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.
Stourbridge led 24-23, only for the returned Hartland to pull down a maul and concede a penalty try before flanker Richard Lloyd went over from a close range forward drive to give the visitors a 13-points lead.
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?
"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."
And to drive the new product range forward the company has appointed the respected and extremely experienced Steve Taylor as Business Development Manager.
Russell converted superbly in the poor conditions, but Park were back on terms three minutes later when prop Geralt Evans finished off some driving close range forward play with Phil Jones having the extra two points.
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.
As a consequence, the Committee made a technical adjustment in its M3 range at the July meeting - to 2 to 6 percent for 1995 - and carried that range forward on a provisional basis into 1996.