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The 12-month (notional) forward rate for the yuan is currently betting on a 5.5% revaluation of the currency over the next year.
In other words, the difference between two countries' interest rates is exactly reflected in the gap between the spot, or current, exchange rate and the forward rate.
In foreign-exchange markets, for example, the forward rate is arrived at by looking at the difference between two currencies' interest rates.
Since no payments are made until the contract expires, the forward rate simply reflects the fact that one currency is paying higher interest.
There have been times, and even rather prolonged periods, in which the forward rate for a currency has fallen below (or risen above) its interest parity.
Forward rate constant for reaction r.
The rating agency had earlier projected a 13.9% forward rate.
The negative apparent reaction orders indicate inhibition of the forward rate by CO2 and H2.
Additionally, the introduction of negative charges accelerated the intermediate voltage-independent forward rate constant.
As a result, the farmer's profit function is convex in the forward rate.
The apparent forward rate constant A can be obtained from such graphs.
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