Outright Deal
A forex transaction for delivery on any date other than spot, not part of a swap.
Definition
An outright deal (or outright forward) is a forex transaction where currency exchange happens on a date other than spot (T+2), and it's not part of a swap transaction. It's a standalone forward contract used for hedging future currency needs.
How It Works
- Single leg transaction (not a swap)
- Delivery date beyond spot
- Price includes forward points (interest differential)
- Used to lock in future exchange rates
Trading Tips
1
Outright forwards are priced off the spot + forward points
2
Forward points reflect interest rate differentials
3
Useful for hedging known future payments
Related Terms
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