Forward Exchange Rate Calculator
Forward Exchange Rate: a planned Super Calculator tool. Covers spot rate. Stub page: the tool, its formula and a worked example are not published yet.
Forward Exchange Rate Calculator is a planned calculator in the finance section of Super Calculator, covering forex.
What this calculator will compute
Inputs: spot rate, base currency rate (%), quote currency rate (%), tenor (days) and day count convention.
Outputs: forward rate, forward points and annualized premium or discount (%).
Formula, recorded as scope and not yet verified against a primary source: Covered interest parity gives F = S * (1 + i_quote * t)/(1 + i_base * t), where the forward points are the interest differential rather than a forecast. Persistent deviations from parity, the cross currency basis, are a documented post crisis phenomenon.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.