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Application for Determination of the Forward Exchange Rate in Access 2003

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Author(s): Loredana MOCEAN | Codruţa Maria FAT

Journal: Informatica Economica Journal
ISSN 1453-1305

Volume: X;
Issue: 4;
Start page: 133;
Date: 2006;
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Keywords: forward | exchange rate | application | bid | ask

ABSTRACT
The exchange rate set the present rate for a foreign currency transaction with payment or delivery at some future date. Forward rates are calculated by using the current exchange rate for the currency pair and the interest rates for the two currencies and allow you to lock in rate now for a future. This paper describes the formulas which determinate the forward exchange rate and how can we implement them in a short, but efficient informatics application.
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