Financial transaction involving the exchange of currency to be completed at a future date. For instance, an individual may exchange the greenback for the yen because the exchange rate is better on a given date, but request that the transaction be completed in the future. Essentially, the individual is able to lock in the current rate to avoid possible changes in the exchange rate in the future.
Related information about forward exchange transaction:
- Forward Exchange Transaction financial definition of Forward ...
Foreign currency purchase or sale at the current exchange rate but with payment or delivery of the foreign currency at a future date.
- What is forward exchange transaction? definition and meaning
Definition of forward exchange transaction: Financial transaction involving the exchange of currency to be completed at a future date. For instance, an individual ...
- Forward Exchange Transaction: Definition from Answers.com
purchase or sale of foreign currency at an exchange rate established now but with payment and delivery at a specified future time.
- SFET - Spot and Forward Exchange Transaction
Acronym Finder: SFET stands for Spot and Forward Exchange Transaction. This definition appears very rarely.
- The Foreign Exchange Market - Department of Economics
In a forward exchange transaction the names of the parties and amounts are negotiated. In futures contracts, the commodity is standardized, and anyone can ...
- What is forward exchange rate? definition and meaning
... between two parties for delivery on a future date. If that date lies within two business days, it is a spot transaction, otherwise it is a forward exchange transaction.
- Object Links (SAP Library)
One transaction offsets the forward exchange transaction originally entered ( possibly with identical, opposite conditions to avoid rate gains/losses). The other ...
- The I-Iedging of Commercial Transactions Between and Canadian ...
cover his future payment by a forward exchange transaction, the foreign exchange transactions lag the shipment of the merchandise and its appearance in the ...