1 definition by Yezer's Homeboy

Foreign Interest Rate Differential, calculated at an annualized rate using the formula FIRD=100*((f/s)^(1/d)-1), where f and s are the forward and spot rate, and d is the forward time in years.
Damn b, that FIRD is gettin all up in my arbitrage.
by Yezer's Homeboy November 23, 2009

Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from daily@urbandictionary.com. We'll never spam you.

×