Yezer's Homeboy's definitions

FIRD

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