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When using forward contracts, is the current spot rate between the two currencies relevant? Is the...

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Finance

When using forward contracts, is the current spot rate betweenthe two currencies relevant? Is the future, actual spot rate (whenthe forward contract matures) between the two currenciesrelevant?

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Forward contracts are non standardized contracts traded over the counter between two parties to exchange currencies at a pre determined rate and at a predetermined maturity date The    See Answer
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When using forward contracts, is the current spot rate betweenthe two currencies relevant? Is the future, actual spot rate (whenthe forward contract matures) between the two currenciesrelevant?

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