Define: Forward Exchange Contract

UK Accounting Glossary

Definition: Forward Exchange Contract


Quick Summary of Forward Exchange Contract


An agreement to buy foreign currency at a fixed future date and at an agreed price.



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Forward Exchange Contract. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 25, 2020 https://payrollheaven.com/define/forward-exchange-contract/.
Chicago Manual of Style (CMS):
Forward Exchange Contract. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/forward-exchange-contract/ (accessed: February 25, 2020).
American Psychological Association (APA):
Forward Exchange Contract. PayrollHeaven.com. Retrieved February 25, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/forward-exchange-contract/

Definition Sources


Definitions for Forward Exchange Contract are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.