Who knows what forward foreign exchange rate is?

谁知道远期外汇汇率是怎么回事？

youdao

Right. In fact, forward foreign exchange contracts specify this rate.

对。事实上，远期外汇合同中规定汇率。

youdao

When the designated financial agency is entrusted by a client to buy and sell spot or forward foreign exchange, the client shall provide performance guarantee.

指定的金融机构受客户委托代办即期和远期外汇买卖时，客户应当提供履约担保。

youdao

But that will be counterbalanced by a new squeeze on liquidity: a 90-day freeze on forward foreign exchange contracts, which will leave companies scrambling for hard currency to pay their overseas suppliers.

ECONOMIST: A detour or a derailment?