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In short, the symbol for the currency always goes in front of the amount (only used in writing), and the word for the currency always goes after the amount (in writing and speech).

When writing about other currencies, the name of the currency should be in lowercase. For US dollars, the symbol '$' is sufficient abbreviation, unless there is a mixture of dollar currencies in the text. For other dollar currencies, '$' should be prefixed with the country abbreviation.

Record a forward contract on the contract date on the balance sheet from the seller's perspective. On the liability side of the equation, you would credit the Asset Obligation for the spot rate. Then, on the asset side of the equation, you would debit the Asset Receivable for the forward rate.

A currency forward contract locks the exchange rate for a currency's purchase or sale at a future date. They're essentially hedging instruments with no upfront payments. However, they involve binding agreements that cannot be broken when one party stands to lose.

A currency forward contract is an agreement between two parties to exchange a certain amount of a currency for another currency at a fixed exchange rate on a fixed future date. By using a currency forward contract, the parties are able to effectively lock-in the exchange rate for a future transaction.

A currency forward is a customized, written contract between two parties that sets a fixed foreign currency exchange rate for a transaction, set for a specified future date. Currency forward contracts are used to hedge foreign currency exchange risk.

More Definitions of Contract Currency Contract Currency means the currency in which the Customer is obligated to pay and to deliver to the Client under the terms of the contract of sale.