Spot contracts are used by companies and individuals seeking competitive exchange rates for the buying or selling of currency for immediate trading.
A forward contract is where an exchange rate is fixed for a period of up to one year against a specified amount of money. This amount can either be used gradually throught the year, or on a specific date.
Forward contracts can be used as a risk management tool and by locking into favourable exchange rates you can protect your profitability from adverse currency changes.
To find out more, send an email to
dealers@eurochange.com.mt, or use the Live Trading link above.