远期外汇交易

It refers to the transactions in bank deposits or in exchanging currencies which period is less than one month.

指期限在一个月以内的银行存款或远期外汇交易。

Forward Transactions - Foreign exchange transactions settling between three business days and one year (and sometimes longer).

远期外汇交易---约定在三个工作日到一年（甚至更长）的时间内开始的外汇交易。

Non-deliverable forwards were on Monday implying a 0. 8 per cent depreciation of the renminbi during the next 12 months.

周一无本金交割远期外汇交易（Non-deliverableForwards，简称：NDF）的行情预示着，人民币在未来一年将贬值0。

Exchange risks can be avoided by covering in the forward exchange market.

外汇风险可以避免覆盖在远期外汇交易市场。

And some analysts say the NDFs underestimate the currency´s probable move.

一些分析师说，无本金交割远期外汇交易低估了人民币可能的走势。