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You pay the foreign exchange rate which is based on the spot rate on the day of the deal. A forward exchange contract is binding and will have to be cancelled if you don't use it. This may result in a profit or loss depending on the exchange rate on the day of cancellation.
At A&NBK Financial Services LLC we also can provide spot exchange rates for immediate foreign exchange payments by quoting an exchange rate for a payment where this rate remains valid for two business days.Discover More Register Now