Forward rates are the exchange rates for the delivery of a currency at a specific time in the future.

Name: Forward rates are the exchange rates for the delivery of a currency at a specific time in the future.
Brand: Quizplus
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Quizplus · Accepted Answer

Forward rates are indeed the exchange rates for the delivery of a currency at a specific time in the future. They are used to hedge against future currency fluctuations and to lock in rates for transactions that will take place at a future date.

Forward Rates Are the Exchange Rates for the Delivery of a Currency