Were can I find information of Forward contract fees.? Currency of interest are South African Rand and RMB(Yuan). Need to know how much a bank should charge….
if you book a forward online with easyfx.com there are no fees, but you have to place a margin deposit which forms aprt of the contract. The forward price is based upon the interest rate differential between the two Countries whose Currencies you are comparing. RMB can only be traded as an NDF (Non deliverable forward) and most firms will not quote a forward price on it – although you will be able to find one somewhere. Best of luck!
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!