foreign exchange contract
Definition
Commitment to buy or sell a specified amount of foreign currency on a fixed date and rate of exchange. Such contracts are used usually by importers as a hedge against exchange rate fluctuations. See also foreign exchange option.
foreign exchange contract is in the Banking, Commerce & Finance, Currency Trading and Investing subjects.
foreign exchange contract appears in the definitions of the following terms: cross-currency settlement risk and foreign exchange option
This content can be found on the following page:
http://www.businessdictionary.com/definition/foreign-exchange-contract.html
email to a friend
print this definition
cite this definition
link to this page
