Forward Transactions Forward Transactions
A way of eliminating exchange rate risk when you are to receive or make a foreign currency payment in the future. A forward transaction enables you to buy or sell a currency at a fixed rate on a specified future date. By linking this date to the date of your currency payment, you in effect lock in the exchange rate you want and eliminate the risk of future volatility. Wachovia offers short and long-dated forwards in a variety of currencies..