Rates for currency exchange quoted for 30,90,or 180 days into the future are referred to as _____________.

Question

Quizplus · Accepted Answer

Rates for currency exchange quoted for future delivery are known as forward exchange rates. They represent the expected value of a currency for an agreed-upon future date. One can use forward exchange rates to mitigate the risk associated with currency fluctuations by locking in a rate today for a future transaction.

Rates for Currency Exchange Quoted for 30,90,or 180 Days into the Future