present - temporal sense; intermediate between past and future; now existing or happening or in consideration; "the present leader"; "articles for present use"; "the present topic"; "the present system"; "present observations"Is victory on the cards for Wales?Mark Hughes, read this before you pick your squad for Saturday's key match between England and Wales.The forward exchange rate is a type of forward price.
Cash Discounts are reductions in price given by the creditor to the debitor to motivate the debitor to make payment with in specified time.
These discounts are intended to speed payment and thereby provide liquidity to the firm. Some retailers (particularly small retailers with low margins) offer discounts to customers paying with cash, to avoid paying fees on credit card transactions.
Forward exchange rates have important theoretical implications for forecasting future spot exchange rates.
Financial economists have put forth a hypothesis that the forward rate accurately predicts the future spot rate, for which empirical evidence is mixed.
This is due to the customization afforded to banks by forward contracts traded over-the-counter, versus the standardization of futures contracts which are traded on an exchange.