Compare calculators

Both calculators run independently — change the inputs on either side to compare results.

Currency Forward Fair Value Calculator

Compute the theoretical fair value of a currency forward contract using covered interest rate parity. Ideal for exporters, importers, and treasury teams locking in future exchange rates.

Current Spot Rate

Domestic Risk-Free Rate (%)

Foreign Risk-Free Rate (%)

Forward Tenor

Fill in the required fields to see your result.

Currency Advanced

Optimal Currency Hedge Ratio Calculator

Calculates the optimal notional amount of futures contracts needed to hedge a given currency exposure, balancing correlation and variance between spot and futures prices. Ideal for treasurers and portfolio managers reducing FX risk.

Currency Exposure ($)

Spot Rate Variance

Futures Price Variance

Correlation Coefficient

Target Hedge Effectiveness

Fill in the required fields to see your result.

Key differences

	Currency Forward Fair Value Calculator	Optimal Currency Hedge Ratio Calculator
Category	Currency Advanced	Currency Advanced
Inputs required	4	5
Result	Fair Forward Rate	Optimal Hedge Amount ($)
What it does	Compute the theoretical fair value of a currency forward contract using covered interest rate parity. Ideal for exporters, importers, and treasury teams locking in future exchange rates.	Calculates the optimal notional amount of futures contracts needed to hedge a given currency exposure, balancing correlation and variance between spot and futures prices. Ideal for treasurers and portfolio managers reducing FX risk.