Is the Forward Rate Calculator free?

Yes. The Forward Rate Calculator on calculpage is completely free with no account required.

Yes. All calculations run entirely in your browser. Nothing you enter is transmitted to any server.

What category does the Forward Rate Calculator belong to?

The Forward Rate Calculator belongs to the Financial category on calculpage.

Financial

Calculate the theoretical forward exchange rate using interest rate parity.

Spot Rate (domestic per foreign)

Domestic Interest Rate (%)

Foreign Interest Rate (%)

Months Forward

F = S × (1 + r_d)^t / (1 + r_f)^t. Forward Premium = (F − S) / S × 100.

Mortgage

Loan

Auto Loan

Interest

Payment

Retirement

What is covered interest rate parity?▼

It states that the forward exchange rate should reflect the interest rate differential between two currencies, eliminating arbitrage opportunities.

What does a positive forward premium mean?▼

A positive premium means the domestic currency is at a premium to the foreign currency, reflecting higher domestic interest rates.

Are forward rates predictions of future spot rates?▼

Not necessarily. Forward rates reflect arbitrage conditions today, not a market consensus forecast of future spot prices.

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