Forward rate is below the present spot rate.

远期汇率低于即期汇率。

If the forward rate is on the same level as the spot rate, they are known as at par.

如果远期汇率低于即期汇率，其差额叫做贴水。 如果远期汇率等于即期汇率，叫做平价。

To calculate the actual forward rate for a currency at a premium, the premium will be subtracted from the spot date.

为了计算实际的远期汇率溢价的货币，保费将当场日期减去。

And forward rate is for delivery later.

而后者就是在期货交易付的汇率。

So spot rate is for immediate delivery and forward rate is for delivery later.

所以即期汇率就是在即期交易时的汇率,而后者就是在期货交易时的汇率.

One of them is the forward rate and the other one is inflation indexed interest rates.

一个是远期利率,另一个是通胀指数化利率