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What is a forward contract against an export?

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What is a forward contract against an export?
posted Jul 10, 2017 by Mukul Chag

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A forward contract against an export is an agreement between the importer and exporter to exchange a specified amount of the importer's currency for the exporter's currency. This is done on the date payment for an export is due, using the existing currency exchange rate at the time the contract for sale is made.

answer Jul 11, 2017 by Sagar Sharma
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