Notion that the forward rate is an unbiased predictor of future spot exchange rates.
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Carryforwards
Carryforwards Tax losses allowed to be applied to offset future income in some specified number of future years.
Expectations theory of forward exchange rates
Expectations theory of forward exchange rates A theory of foreign exchange rates that states that the expected future spot foreign exchange rate t periods from now equals the current t-period forward exchange rate.
Foreign currency forward contract
Foreign currency forward contract Agreement that obligates its parties to exchange given quantities of currencies at a prespecified exchange rate on a certain future date.