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Bank of England provides data on forward exchange rates.

I am a bit confused of what it means. Does a forward rate of 1.2883 in 26 June 17 (highlighted in red in the image) mean that in 26 June 2018 I will get this rate? Or maybe it means that I get that in 2017 based on a contract done in 26 June 2016?

https://i.imgur.com/BiLkRC3.png

Hope what I ask makes sense. Thanks a lot!

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    $\begingroup$ It is the former. The date 26 June 17 shown is the date the foreign exchange deal for X amount is agreed to ans written down on paper. Nothing happens for a year and then on 26 June 18 the deal is carried out: the seller of USD pays the prearranged amount X in USD and receives from the counterparty X*1.2883 GBP. $\endgroup$ – Alex C Mar 6 '18 at 2:17

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