Printer Friendly| Spot Rates | Forward Rates |
| How Forward FX Rates are Calculated & Examples |
FX contracts are
usually with a bank to exchange an amount of one currency for another at an
agreed future date, called the 'Delivery' or 'Value Date', and at an agreed
exchange rate.
Foreign exchange contracts usually fall into two categories - 'Spot FX Contract' and 'Forward FX Contract'.
If you are importing or exporting, for expert commercial foreign exchange services, speak to us at Raphael's Bank.
Quick and easy foreign exchange deals via our branch network, treasury centres or over the Internet.
More information.