Financial
Currency Forward Contract
Agreement to buy or sell currency at a fixed exchange rate on a future date, used to hedge currency risk in foreign trade.
Agreement to buy or sell currency at a fixed exchange rate on a future date, used to hedge currency risk in foreign trade.
A currency forward fixes today's exchange rate for a future conversion, eliminating exchange rate uncertainty for importers and exporters with foreign currency payments.
Spot Exchange Rate
Current exchange rate for immediate currency purchase/sale, used as reference for foreign trade operations.
ValuationCustoms Exchange Rate
The official exchange rate published by the Bank of Mexico to convert foreign-currency customs value to Mexican pesos. The rate effective on the pedimento payment date applies.
TradeInternational Payment Terms
Agreed conditions between buyer and seller regarding when, how, and in which currency payment will be made for a foreign trade transaction.