Most of forwards are quoted in 'pips'

What is a pip?

Pip stands for "percentage in point" and it is the smallest increment by which a Forex cross price changes. Most currency pairs are quoted to four decimal places, meaning that a movement from 1.0000 to 1.0001 for a currency pair would constitute one pip. Since most currency pairs are quoted to four decimals, it means that, for a same currency pair on spot/forward quotation, we have to divide the pip value by 10 000 before adding it to the spot.

In conclusion:

Fwd(t) = Spot(t) + Fwd(pip) / 10 000.