Discover how MIFOR, the Mumbai Interbank Forward Offer Rate, influenced Indian banking with forward agreements and derivatives before its phase-out.

If you ever traveled abroad, odds are you had to exchange currency. Yet, even if you planned that trip for months, odds are you didn’t prepare for this exchange immediately but simply accepted that ...

Many corporations and some high-net-worth individuals use currency forward contracts to hedge their future or forward currency exposures to the forex market against unfavorable moves. Companies with ...

A type of foreign exchange transaction whereby a contract is made to exchange one currency for another at a fixed date in the future at a specified exchange rate. By buying or selling forward exchange ...

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that ...

One-month forward Gilt rates peaked at 6.16% this week, compared to 6.25% the previous week. The 2-year/10-year United Kingdom Gilt spread closed the week at 0.304%, compared to 0.316% one week prior.