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Currency Forward
What Does Currency Forward Mean?
A forward contract in the forex market that locks in the price at which an entity can buy or sell a currency on a future date. Also known as "outright forward currency transaction", "forward outright" or "FX forward".
Investopedia explains Currency Forward
In currency forward contracts, the contract holders are obligated to buy or sell the currency at a specified price, at a specified quantity and on a specified future date. These contracts cannot be transferred.
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Forex Trading Guide from GFT - Everything a beginner needs to know
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