Forward Exchange Transaction

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Definition: Forward Exchange Transaction

Forward Exchange Transaction
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Full Definition of Forward Exchange Transaction

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.

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https://payrollheaven.com/define/forward-exchange-transaction/
Modern Language Association (MLA):
Forward Exchange Transaction. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/forward-exchange-transaction/.
Chicago Manual of Style (CMS):
Forward Exchange Transaction. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/forward-exchange-transaction/ (accessed: April 20, 2024).
American Psychological Association (APA):
Forward Exchange Transaction. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/forward-exchange-transaction/

Definition Sources

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

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

This glossary post was last updated: 20th November, 2021 | 0 Views.