Outright Forex Forward contract is an agreement to buy or sell a currency again another currency on a specific date in the future at a fixed exchange rate that is agreed between the counterparties. Currency exchange rates are affected by a wide range of factors, including national and international financial and economic conditions and political and natural events. The effect of normal market force may at times be countered by intervention by central banks and other bodies. At times, exchange rates, and price linked to such rates, may rise or fall rapidly.
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