Forward Rates Calculator
Use covered interest rate parity to derive a forward FX rate from spot and the two short-term interest rates
// Formula
F = S — (1 + r_quote — t) — (1 + r_base — t), where t = days — basis.
// Premium vs Discount
If the base currency yields more, the forward trades at a discount to spot; otherwise at a premium.
// No-arbitrage
Covered interest parity ensures borrowing one currency to invest in the other gives the same return as the forward.
// How to Use Online Forward Rates Calculator
- Enter or paste your source data into the tool input.
- Click the primary action button to run Online Forward Rates Calculator.
- Review the output, then copy or export your result.
// FAQ: What does Online Forward Rates Calculator do?
Online Forward Rates Calculator helps you use covered interest rate parity to derive a forward fx rate from spot and the two short-term interest rates in your browser with instant results.
// FAQ: How do I use Online Forward Rates Calculator?
Paste or type your input, choose the needed action, and copy the generated output when the result is ready.
// FAQ: Is my data safe when using Online Forward Rates Calculator?
Yes. Processing runs in your browser session for this page, so your content is not uploaded by this tool workflow.
// FAQ: Can I use Online Forward Rates Calculator on mobile devices?
Yes. Online Forward Rates Calculator works on modern mobile browsers, so you can run it from phones and tablets.