foreign currency future

Foreign Currency Future

A futures contract in which the underlying asset is a currency. Two parties agree to buy and sell a certain currency at a given exchange rate with respect to another currency at some point in the future. The market for currency futures contracts is important in estimating the future value of different currencies.

foreign currency future

A contract for the delivery of a specified amount of a foreign currency. A U.S. business selling products in Germany may decide to sell futures contracts on the euro in order to guarantee an exchange rate of the euro to dollars on a specific date.
References in periodicals archive ?
Total net gain from foreign currency future operations was $1,030,959 for the three months ended July 31, 2008 as compared to a net gain from foreign currency future operations of $1,126,058 for the quarter ended July 31, 2007.
Net gains from foreign currency future operations were $6,984,544, for the year ended January 31, 2008, a decrease of $894,973 from net gains of $7,879,517 from foreign currency future operations for the year ended January 31, 2007.
He was a doctoral fellow at the Rheinische Friedrich-Wilhelms-Universitat Bonn and earned his master's degree and PhD in Economics from The Ohio State University with a primary focus on the valuation of foreign currency futures options.
The main areas of discussion at the meeting included AML/CFT, credit rating companies, development of secondary market, trading of foreign currency futures at Pakistan Mercantile Exchange (PMEX), enlistment of insurance companies on panel of banks, collaboration between SBP-SECP on financial literacy program, etc.
the gain from foreign currency futures contracts entered into to hedge
Bourse for foreign currency futures deals for individuals to start
Similarly, volatility of currency trading during the 1970s and 1980s(48) caused evolutionary developments in the currency markets such as the trading of foreign currency futures on regulated and OTC markets.
Customers, primarily New York brokers, phone him with orders for foreign currency futures contracts or options.
If forward exchange contracts (or any such similar instruments) or foreign currency futures are used as hedging instruments,
Each of the option contracts has a trading unit equal to one half the size of foreign currency futures contracts on the IMM, (International Money Market.
That is, Treasury futures would be regulated by the Treasury and Eurodollar and foreign currency futures by the Federal Reserve.

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