FX Forwards

Also referred to as Foreign Exchange Forwards

Forward Starting FX

Also known as Forward Outright

This is the agreement to purchase or sell a lump sum of one currency in exchange for a lump sum in another currency on a specific date in the future.

This protects you from changes in currency exchange rates.
this market is only liquid up to 2 to 3 years

Non Deliverable

Non Deliverable Forwards (NDFs)

In some countries these are non-deliverable and are settled in cash, using the difference between the agreed rate and the spot rate at maturity - adjusted for interest rate differences