Spot and Forward FX rates
How to manage foreign exchange risk.
When you deal with a foreign currency, you will exchange your own for the foreign one at the so called “spot rate”. This will immediately convert your money. Sometimes you need to have foreign currency at a later date, but don’t want to carry the risk of FX fluctuations in the meantime… see what Carla does in this video, dealing with a “forward rate”.
Now you are ready to win over yourself with the video questionnaire you saw, click on FamilyMI Questionnaire/Skills