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An outright (forward) is a financial transaction that involves buying or selling foreign currency for delivery at a future date, typically beyond two working days. This enables individuals or businesses to lock in a currency exchange rate for a future transaction. Outright forwards are commonly used to hedge against potential currency fluctuations, providing a sense of stability and security in the ever-changing world of finance. So, whether you're a seasoned investor or just starting to dip your toes into the world of foreign exchange, understanding outright forwards is crucial in managing your financial risks.
