Excitonic effects due to the correlation of electrons and holes in excited states of matter dominate the optical spectra of many interesting materials. They are usually studied in the long-wavelength limit. Here we investigate excitons at non-vanishing momentum transfer, corresponding to shorter wavelengths. We calculate the exciton dispersion in the prototypical layered oxide VO by solving the Bethe-Salpeter equation of many-body perturbation theory. We discuss the change of excitation energy and intensity as a function of wavevector for bright and dark excitons, respectively, and we analyze the origin of the excitons along their dispersion. We highlight the important role of the electron-hole exchange with its impact on the exciton dispersion, the singlet-triplet splitting and the difference between the imaginary part of the macroscopic dielectric function and the loss function.

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