How is the exchange rate of forward foreign exchange transactions determined?
Safe has quotations for domestic forward transactions, such as 1 month, 3 months, 6 months, 1 year, which means signing a forward contract with a bank on the day of the transaction, and agreeing to buy or sell a foreign currency on a forward trading day at the currently agreed exchange rate. This is the forward settlement and sale of foreign exchange. Foreign exchange futures? Never heard of it.