Forward Exchange Transaction
Agreement to the future exchange of a foreign currency, which is done to minimize (hedge) against possible unfavorable fluctuations in the currency price at a later date. An example would be when an investor decides that the rate of the Euro versus the pound is preferable on a given date, he or she could lock in that rate for a Transaction that takes place later on.
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deferred annuity
self-liquidating bond
private bank
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average total assets