Forex Slang Popular

Outright Deal

A forex transaction for delivery on any date other than spot, not part of a swap.

Definition

An outright deal (or outright forward) is a forex transaction where currency exchange happens on a date other than spot (T+2), and it's not part of a swap transaction. It's a standalone forward contract used for hedging future currency needs.

How It Works

Single leg transaction (not a swap)
Delivery date beyond spot
Price includes forward points (interest differential)
Used to lock in future exchange rates

Trading Tips

Outright forwards are priced off the spot + forward points

Forward points reflect interest rate differentials

Useful for hedging known future payments

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