Hedging of Foreign Currency using Forward Contract | Advanced Accounting | CPA Exam FAR



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Hedging of Foreign Currency using Forward Contract | Advanced Accounting | CPA Exam FAR

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Describe a forward exchange contract. A forward exchange contract is an agreement to exchange currencies of two different countries at a specified rate (the forward rate) on a stipulated future date. At the inception of the contract, the forward rate is usually different from the spot rate.
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