BlockchainEmpiress
Tue Aug 06 2024
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6 answers
1515
What is a forward exchange contract?
Excuse me, could you please explain to me what exactly is a forward exchange contract? I've heard about it in the context of cryptocurrency trading, but I'm not entirely sure how it works or what its purpose is. Is it a type of agreement between two parties to exchange currencies at a future date, at a predetermined exchange rate? And if so, how does it differ from other types of financial contracts? I'd really appreciate your insight into this topic.
