Practicing Success
Practicing Success
CUET Preparation Today
What do you understand by "Forward exchange rate"? |
Rate at which supply of foreign currency is equal to market demand for foreign currency Rate at which forward transactions are to be carried out Rate at which current transactions are cleared Rate which prevails in future |
Rate at which forward transactions are to be carried out |
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. |
