A currency forward contract is an agreement to exchange a given amount of one currency for a given amount of another currency at a future date. The price of a currency forward is the exchange rate for the currencies at the expiration of the contract, and is related to the spot exchange rate by covered […]
This article is for members only. You can become a member now by purchasing a
CFA® Level II Derivatives Membership, CFA® Level II Membership
This will give you access to this and all other articles at that membership level.