If you ever traveled abroad, odds are you had to exchange currency. Yet, even if you planned that trip for months, odds are you didn’t prepare for this exchange immediately but simply accepted that ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor ...

This paper applies the Phillips and Hansen estimation and inference procedures to re-examine the hypothesis that the forward exchange rate is an unbiased predictor of the future spot exchange rate.

The U.S. dollar has seen some remarkable swings against major currencies recently. For example, over most of 2005, it gained nearly 18% against the yen and 13% against the euro, while between March ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

A forward contract is an agreement between two parties --- the seller and the buyer --- for the delivery of a certain quality and quantity of a commodity at specified time and for a specified price.

One-month forward Gilt rates peaked at 6.16% this week, compared to 6.25% the previous week. The 2-year/10-year United Kingdom Gilt spread closed the week at 0.304%, compared to 0.316% one week prior.