Formula to calculate forward and future

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The formula to calculate forward and future

Forward rate is the exchange rate at which a currency can be exchanged for another currency at a future date
Future rate is the exchange rate at which a currency can be exchanged for another currency on a specific future date
Both forward and future rates are calculated based on the spot rate and the interest rate differentials between the two currencies
The formula to calculate the forward rate is: Forward Rate = Spot Rate * (1 + (Interest Rate Differential / 100))
The formula to calculate the future rate is: Future Rate = Spot Rate * (1 + (Interest Rate Differential / 100)) * (1 + (Interest Rate Differential / 100))

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