foreign exchange

In foreign exchange, refers to a situation where currency can be bought more cheaply at a future date than for immediate delivery. For example, if US$1 buys £1.55 for delivery now, while it buys £1.6 for delivery twelve months hence, then the pound sterling is said to be at a discount against the U.S. dollar.

Was this article helpful?

Related Articles

Need Support?

Can't find the answer you're looking for?
Contact Support