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Q: International Exchange rates ( Answered,   1 Comment )
Subject: International Exchange rates
Category: Business and Money
Asked by: michou-ga
List Price: $15.00
Posted: 09 Aug 2004 16:10 PDT
Expires: 08 Sep 2004 16:10 PDT
Question ID: 385594
What is the projection for the USD versus the british pound over thye next 3 months
Subject: Re: International Exchange rates
Answered By: legolas-ga on 28 Aug 2004 03:01 PDT
Hi michou-ga,

"What is a forward rate? 

The N-day forward rate is the rate which appears in contracts to
exchange one currency for another N days in advance of the actual
transaction. It is distinguished from the spot rate, which is the rate
used in agreements to exchange one currency for another immediately.
No currency changes hand between the parties in a forward contract at
the time it is signed; the currency is exchanged at the maturity date
of the contract N days in the future."
Quote from:

I wanted to answer your question with some links to sites where you
can find up-to-the-minute forward rates on any combination of

BMO Economics: Daily FX Rates -
BMO is a large bank that has a large presence in Canada.

Looking around on the OzForex site will also allow you go view
currency fluctuations at numerous time intervals.

I hope this gives you a bit more information on the forward rates for
the currencies you are asking about. If you need any further
clarification, please don't hesitate to ask prior to rating and
therefore closing this question.



Search Terms:
forward rates gbp usd
forward rates
Subject: Re: International Exchange rates
From: premkp-ga on 10 Aug 2004 01:17 PDT
The "forward rates" as they are called are published by financial
service firms like Reuters for each of the currencies depending on
many factors.
The current forward rate for GBP over USD at the end of 3 months is
1.8277. This information is from Bloomberg and as of 08/09 when the
spot rate is 1.8427

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