The biggest advantage to purchase foreign currency using the forward rate is to

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By using the forward rate, one can lock in a price now for a future transaction. This can be useful for businesses or individuals who know they will need to exchange currency at a future date and want to avoid any potential fluctuations in the exchange rate. It does not necessarily guarantee a premium on the exchange, gains from future price reductions, or avoiding more expensive spot rates.

The Biggest Advantage to Purchase Foreign Currency Using the Forward