Asked by
Monica Ramos
on Dec 02, 2024Verified
The forward exchange rate between two currencies:
A) depends on the date of delivery of one of the currencies.
B) can fluctuate over time.
C) is always stated in terms of US dollars.
D) a and b
E) All of the above
Forward Exchange Rate
The forward exchange rate is a contractually fixed exchange rate for a financial transaction that will occur at an agreed upon future date.
Delivery Date
Delivery Date refers to the specific date on which a contract or transaction must be fulfilled, often used in the context of futures contracts and product deliveries.
- Learn the basics of spot and forward exchange rates and their significance for international trade and investment.
Verified Answer
SH
Learning Objectives
- Learn the basics of spot and forward exchange rates and their significance for international trade and investment.