Forward Exchange Rate definition

Forward Exchange Rate means the forward exchange rate quoted and agreed to by iFAST at its discretion having regard to the prevailing forward foreign exchange market conditions for the exchange of the Currencies bought and sold under a FX Forward on the Value Date;
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Forward Exchange Rate means the price at which foreign currency can be bought or sold for delivery at a specified future time:
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Forward Exchange Rate means, in respect of a Currency Cross, a Forward Tenor, and any day t:
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Examples of Forward Exchange Rate in a sentence

  • The current EURUSD Spot Rate is 1.5882 and the Forward Exchange Rate is 1.5849.

  • The current EURUSD Spot Rate is 1.5882 and the equivalent Forward Exchange Rate is 1.5849.

  • The current Spot Rate is 1.5882 and the Forward Exchange Rate is 1.5859.

  • The current GBPUSD Spot Rate is 1.5882 and the Forward Exchange Rate is 1.5849.

  • The current EURUSD Spot Rate is 1.5882 and the Forward Exchange Rate is 1.5859.

  • The current GBPUSD Spot Rate is 1.5882 and the equivalent Forward Exchange Rate is 1.5849.

  • The Knock Out - Reset is a Structured Option that gives the buyer the benefit of achieving an enhanced exchange rate compared to the equivalent Forward Exchange Rate provided that the Spot Rate remains within a specified range for the entire life of the structure.

  • You also have additional flexibility to participate in certain favourable Exchange Rate movements and may be able to achieve an enhanced Exchange Rate comparable to the equivalent Forward Exchange Rate depending on the Structured Option that you enter.

  • The Accumulator Structured Option Product (“Accumulator”) is a Structured Option which offers an Enhanced Rate at which to settle at expiry which, at inception, is more favourable than the Forward Exchange Rate.

  • The new Exchange Rate will reflect a number of factors including:• your existing Forward Exchange Rate from the last Trade Date of the FEC;• the Spot Rate at the time the Rollover is contemplated; and• market interest rates of the currencies involved in the Rollover consistent with the new Value Date.It will also reflect any funding implications where your FEC is either ITM or OTM.


More Definitions of Forward Exchange Rate

Forward Exchange Rate means, for the purpose of any Forward Exchange Contract, the forward exchange rate quoted and agreed to by the Bank at its absolute discretion having regard to the prevailing forward foreign exchange market conditions for the exchange of the Specified Currencies on the Settlement Date;
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Related to Forward Exchange Rate

  • Spot Exchange Rate has the meaning specified in the related Terms Document.

  • Exchange Rate means, in relation to any amount of currency to be converted into U.S. Dollars pursuant to this Agreement, the U.S. Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

  • Reference Exchange Rate means the exchange rate which is used as the basis to calculate any currency exchange and which is made available by the payment service provider or comes from a publicly available source;

  • Index Calculation Agent means Bank Vontobel AG, Gotthardstrasse 43, 8002 Zurich, Switzerland. "Index Calculation Day" means every day from Monday to Friday.