Forward Rates and Forward Prices – Topic Guide

This course is not only a calculation reference for Forward Prices, Spot Rates & Forward Rates, Yield-to-Maturity, Forward Rate Agreements (FRA), Forward Contracts and Forward Exchange Rates but also includes a detailed walkthrough (with examples) of how these values may be determined in EXCEL.

Buy Now

This package deal also includes the supporting EXCEL file containing detailed worked-out examples.



    1. Forward Prices
      • Forward price of a security with no income
      • Forward price of a security with known cash income
      • Forward price of a security with known dividend yield
    2. Relationship between spot rates and forward rates
      • How to determine forward rates from spot rates
      • How to determine spot rates from forward rates
    3. Yield to Maturity (YTM)
      • Trial and error method
      • Using Goal Seek functionality
    4. Forward Rate Agreements (FRAs)
      • Value of an FRA (zero coupon rate calculated on a discrete basis)
      • Value of an FRA (zero coupon rate calculated on continuously compounded basis)
    5. Forward Exchange Rates
      • FX Rates (Interest Rates compounded on a discrete basis)
      • FX Rates (Interest Rates compounded on a continuous basis)
    6. Value of a Forward Contract
      • Value of a long forward (continuous)
      • Value of a long forward (discrete)
      • Value of a long forward contract (continuous) which provides a known income
      • Value of a long forward contract (continuous) which provides a known yield
      • Value of a forward foreign currency contract

back to top


Random Testimonial

  • ~ Corporate Training Testimonials

    "A most amazing training - hands down the best, most useful, and most relevant I had during my tenure. Simply put, I loved it and will continue to build on the models. 

    Financial Modeling Course Participant
    FGB Training Academy, 
    First Gulf Bank, Abu Dhabi, UAE


    I have attended a number of training courses conducted by Alchemy technologies. Broadly, the areas covered have been Financial Risk Management aspects, Basel II implementation in Pakistan, as well as product knowledge for relatively new products in the our market for instance Financial Derivatives. As trainers, Mr. Jawwad Farid and his team bring in a wealth of conceptual knowledge entwined with their own professional experiences, adapting and honing it to our local market needs. The training courses are very informative and are delivered in a witty and energetic manner. The learning needs of the participants are kept in focus, and they are kept involved by interactive discussions and queries. Personally, I have always left these sessions with a much better understanding and grasp over the subjects delivered, which has helped me professionally.”

    Senior Manager & Team Leader
    Treasury Middle Office
    Habib Bank Limited


    “Jawwad Farid has admirably led the training piece on the Treasury side covering Treasury risk, Treausury products, Derivatives (basic & Advanced), Fixed income securities (Basic & Advanced) and ALM training modules. Jawwad in our opinion is an “Outstanding Senior Trainer” who has deep subject matter knowledge and an uncanny ability to keep the participants engaged in the training process. So far our clients have expressed maximum level of satisfaction in Jawwad’s capability to deliver high value training programs, that have tangibly enhanced their staff’s skill sets.

    Based on our direct more than satisfactory experience, Jawwad’s otherwise exceptional track record on the training side with over 90 technical skill building courses in South Asia, Middle Eastern and Far Easterm markets, we have no hesitation in strongly recommending Jawwad Farid for the training that for participants based out of Malaysia or the adjoining Far Eastern Markets.”

    Mohammad Nasr Ullah
    Principal Consultant
    Consultnomics, FZE


    I have loved each and every workshop from Alchemy. The workshops are extremely helpful in removing queries about Derivatives Pricing, Basel & Regulatory issues. I feel attending the workshops have added value to my knowledge and expertise. Moreover, the instructor is extremely knowledgeable on the subject area and ensures that each candidate returns with similar knowledge and expertise.

    Senior Vice President
    Allied Bank"

  • Read more testimonials »