currency forward contracts?
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Ab-so-fricken-lutely. There's a but. You need to have educated friends in the fiancial arena because the markets change just when you least expect them too. And timing the market ain't easy. Here's an article by Jim Jubak at moneycentral which includes a tidbit on these contracts.
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just check this out it will help you\n\nxe.com   Personal Currency Assistant™
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It's a transaction where the delivery of whatever commodity you are trading will be in the future, but at a price determined today. It is often used to hedge against the risk of negative currency fluctuations by companies doing business in foreign countries.\n\nFor example, if the yen to dollar exchange rate is 100 yen for 1 dollar (hypothetically), and the exchange rate switches to 80 yen for 1 dollar, a Japanese company who sold a 20,000 car in the US would only get 1,600,000 yen for the car, versus what it would have received originally (2,000,000 yen). Companies can not keep changing prices, and they can not ask for more money once a sale is complete. Thus, the forward contract would insure that the Japanese company received at least a certain amount, say 1,800,000 yen (whatever the forward contract is for). Of course, if the rate becomes 120 yen to 1 dollar, the Japanese company would choose not to exercise the forward contract. \n\nForward contracts normally cost quite a bit, otherwise the companies offering them would not make any money. In essence, they are acting like insurance companies: you will not always need them, but you still have to pay the premiums if you want them just in case.
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www.xe.com \n\nbest site ever for currency conversions of any sort.\n\ncheers!
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Its about trading in foreign exchange. Read about it on Oanda.com\nYou can also set up a demo account to try your hand at it on that site - its under oanda fx game.
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Uhhh- yes, you can.  I personally like and use Ameritrade, as it has a pretty good commission structure, and I have been happy with them thus far.
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Futures allow you to lock in a price today for something like foreign currency. If you are investing in Japanese bonds that are maturing in 3 months and you want to convert them back into dollars but don't want to risk the dollar dropping in value, you could just buy a futures contract on dollars and lock the price in today.
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The thing I don't like about forex trading is that the previous times when I knew there was an opportunity to make money, it was impossible to obtain the currency I needed.  There was the devaluation of the Argentinian currency that happened a while back.  They had been keeping the currency pegged to the US dollar and there was an enormous amount of speculation that it was going to be devalued (allowed to float), yet I couldn't find anywhere to sell this currency since it never moved more than a few PIP up and down within a day.  Then there was the Chinese currency.  Everyone knew they were keeping the currency undervalued and that it would increase in value upon floating, yet again I could not find anywhere to buy this currency in exchange for USD.  I contacted a bank and they had some ridiculous spread (something like 15%-20%), yet again it was impossible to capitalize on something I knew was going to happen.  Both of these situations were extremely frustrating.  Let me tell you, a $2500 investment in either one of these situations would have made you tens of thousands of dollars.  The Argentinian currency went from 1:1 USD to 3:1 USD in a matter of 2 weeks.  Now that's a devaluation.
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fixed price contracts.
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Try the international terminal at an airport. There are currency exchange booths, which offer different rates.
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http://www.xe.com/ucc/  Site for currency conversion.
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several spots on line, they are called currency converters, try Yahoo's\nhttp://finance.yahoo.com/currency/convert?amt=1&from=USD&to=JPY&submit=Convert
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Use this website\nhttp://finance.yahoo.com/currency?u
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Use this web site for any q's like that\n\nwww.tradekey.com\n\ngood luck
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£37,032.66 \naccording to todays currency exchange\nhope that helps!
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There are spot exchange rates, what someone exchanges at the moment (these actually have little effect)\nThere are future exchange rates which is included in a contract my companies of different countries.  Such as British Company is selling an asset to American Company for 100,000 Pounds due in 30 days.  The equivalent price of the asset in dollars to the 100,000 pounds is the exchange rate.  These types of exchange rates typically make up the rate.\n\nThese two things make up the current exchange rate showing its intense variablity.\n\nTrying to make a model to determine exchange rates has led to many flaws using prices, real and nominal rates, and inflation in order to determine them.
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To receive money, there's a charge for business and premier accounts (for US users).  There's also a 2.5% fee when different currencies are involved, for example changing euros to dollars (or vice versa).