Asked by Richy Amato on Jun 28, 2024
Verified
Provide a definition for forward exchange rate.
Forward Exchange Rate
An agreed-upon exchange rate for currencies to be exchanged on a predetermined future date, used to hedge against currency market fluctuations.
- Comprehend the concept of forward exchange rates.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
The price of one country's currency expressed in another country's currency.
Learning Objectives
- Comprehend the concept of forward exchange rates.