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Forward contract

Ceramic Products
From Angola
To Finland
334 views / 0 experts
Dave B.
Mar 31, 2021

What is a forward contract?

1 answer

Munmun S.
Mar 31, 2021

A Forward contract is a tool that you can use to lock in an exchange rate for future use. If you know you will be either receiving or paying away in a foreign currency at a future date we can book that contract so that exchange risk is either minimised or completely negated.

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