Foreign Exchange: Forward Outrights

Foreign Exchange: Forward Outrights

Intuition Publishing
Updated Sep 24, 2020

Forward outright prices are the final prices, the bid reflecting the amount that the caller will receive in the variable currency for selling the base currency, together with the offer reflecting what they will have to pay in the variable currency for buying the base currency. We investigate how to arrive at the final price taking account of the swap points quoted for the relevant period. The means by which forward outrights are quoted and the dates for which they are readily available are explored.