Q1). Click on the "Forward Rates" link. (It's found in a small table just below the table of spot rate information.) The table shows forward rates for several maturities - for example, 1M is one-month ahead, 2M is two months ahead, etc. The forward rates are quoted in "pips". That is, the spot rate is subtracted from the forward rate, and the result is multiplied by 10,000. As an example, a quote of 1 pip means that the forward rate is trading 0.0001 units above the current spot rate. For the euro-dollar, what are investors expecting for the spot exchange rate over the next year?

EURUSD 1Y FWD Bid Ask High Low Change

91.6000 94.1000 94.1000 93.2300 -0.6200