AFS provides full services on FX-Swaps in all major currencies as well as in many Emerging Market currencies. The desk provides liquidity and price discovery in a wide range of currency pairs. Next to that the desk is continuously involved in short term yield arbitrage services and risk optimization.
The Forex, or FX, is the global marketplace for the exchange of currencies. As such, it determines the value of one currency against another in the real world.
A forward contract is a foreign exchange agreement to buy one currency by selling another on a specified date within the next 12 months at a price agreed on now, known as the forward rate. The forward rate is the exchange rate you agree on today to transfer your currency later.