Spread
Subtype of Fx FWD QuotingThe fx forward rate is quoted as the difference f - s between the nominal fx forward rate f and the current spot fx rate s
In other words, it is quoted as the number that must be added to the current fx spot rate in order to derive the nominal fx forward rate.
For example, if the EUR/USD spot rate is 1.1310, and the quote is +0.00125, then the forward rate is 1.13225 (or 1.1310 + 0.00125).