What do you understand by "Forward exchange rate"?
Answer & explanation
Correct answer: option 2
Forward exchange rate is the rate at which forward transactions are to be carried out i.e. transaction in future will be carried at this forward rate.
What do you understand by "Forward exchange rate"?
Correct answer: option 2
Forward exchange rate is the rate at which forward transactions are to be carried out i.e. transaction in future will be carried at this forward rate.