Differences between spot and forward rates reflect expectations of future changes in foreign exchange rates.
现汇汇率和期汇汇率的差异反应了人们对于未来汇率变化的不同预期。
The discount or premium between the spot and forward rates for a forward foreign exchange transaction. It represents the interest-rate differential between the two currencies traded.
远期汇率与即期汇率之间的差价,反映两种货币之间利率的差异。
So again, for this slightly more complicated problem, the ratio of the forward and backward rates are related to the equilibrium constant.
又一次对于这个稍微复杂一点的问题,正向速率和逆向速率的比,和平衡常数相关。
One of them is the forward rate and the other one is inflation indexed interest rates.
一个是远期利率,另一个是通胀指数化利率
I wrote him a letter and I said, basically, did you invent forward rates?
我给他写了一封信,问他是否提出了"远期利率"
What he says is those forward rates are what people think interest rates will be in the future and that's called the expectations theory of the term structure.
这里所指的远期利率就是人们预期的,未来利率,我们将这种理论称作,利率期限结构的预期理论
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