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I am not sure about this specific algorithmic implementation, but I am a bit confused by your indexes and suspect you might be as well (e.g. $M$ not defined, you're showing cases of $i$ looping when it seems you mean $j$). I think it would be useful to revisit the basics: Let $D_t \in (0,1]$ be the present value factor for a cash flow at time $t$. By ...

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Richard nails it. One needs to distinguish the forward price (or just "forward"), which is a number that denotes at which strike you can now enter a forward without upfront payment, and the value of a forward contract, which is typically zero at inception (if the strike chosen is indeed the forward price), but then varies over time, and ends up as \$S(T) - ...

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Completely agree with rupweb's answer. Unfortunately cant upvote due to no rep. Just detailing that forward points basically represent the interest rate differential in the two currencies under consideration(as per Covered Interest Rate Parity). As the bank generally knows what its funding is in each of the currencies for a particular time frame and since ...

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What platforms are you looking at (and at what time of day)? FX Forwards are not static, certainly for major currencies. Indicative prices are published to platforms like Reuters and Bloomberg by various brokers and banks periodically, but they are not a reflection of actual trading prices, just occasional snapshots. If you want a current price you have to ...

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Forward points are calculated by the short term interest rate desks (STIR) and, because central banks and governments don't often change their money market base rates, the fluctuations set by the interest rate markets are infrequent. The interest rates depend on the money markets. Forex all-in rates are calculated depending on the interest rate premium, or ...

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