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Find out about foreign currency exchange providers such as FXDD, AVA FX, MB Trading or NobleTrading; find Beginner friendly service and educational tutorials, regulated by BAFIN(DE), NFA(US), OSC(CA) or CBRC(China). For chinese or english speakers.

what is the "forward points"?

glossary FAQ: glossary.
Elsa N. From United States
17 February, 2009

The number of basis points added to or subtracted from the current spot rate to determine the forward rate. When points are added to the spot rate, there is a forward points premium; when points are subtracted from the spot rate, there is a points discount. The number of forward points on a given exchange rate will be determined by the prevailing interest rates in each market, the time period between the spot and forward rate, and other market factors. For example, if the current spot rate of the USD/EUR is 0.7232 and the two-year forward rate is 0.7332, the number of forward points is 100 basis points (0.7332-0.7232). Visit etorousa.com

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