currency futures

Currency Futures

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.

currency futures

A contract for the future delivery of a specified amount of a major currency. Currency futures were developed in response to the substantial volatility of currency trading rates that occurred following the 1971 shift from fixed to flexible currency exchange rates.
References in periodicals archive ?
Total commodity and currency futures transactions had an underlying value of $10.86 billion (Dh39.89 billion) in November, the second highest monthly value achieved since inception in November 2005.
Dollar/Russian Rouble futures were the third most popular foreign exchange futures contract globally among traded currency futures, according to the Futures Industry Association.
The expansion of the region's currency markets is underlined by an 88 per cent growth in DGCX currency futures transactions, comprising euro/dollar, sterling/dollar, yen/dollar and Indian rupee/dollar futures, Day added.
Brazilian bourse BM&FBOVESPA will launch on 15 August eight new currency futures contracts - two mini contracts and six contracts for currencies that are new for the exchange.
Three DGCX currency futures contracts set daily volume records on October 19, contributing to what is set to be one of the most active months of trading for the Dubai Gold & Commodities Exchange (DGCX).
August 7, 2009, saw the highest daily volume ever for all currency futures at 7,655 contracts, valued at $583.86 million.
The total volume of currency futures rose by 85 per cent year-on-year to 27,963 contracts.
The currency risk between the euro and the US dollar is minimised in the form of currency futures. The bonds have a residual maturity of at least two years and an outstanding volume of at least 1 billion.
DGCX currency futures continued to be the mainstay of growth accounting for approximately 70 per cent of total monthly volumes.
Total commodity and currency futures transactions on DGCX had an underlying value of $10.86 billion in November, the second highest monthly value achieved since inception in November 2005.
Dubai: Currency futures continued to drive volume on Dubai Gold and Commodities Exchange (DGCX) in August, leading to a 44 per cent year-on-year growth with transactions at 151,699 contracts, a statement said.
DGCX has seen over all trading volumes double in Q1 2013 compared to the same period in 2012 as traders continue to invest in commodities and currency futures. Recent record trading in Indian Rupee/US Dollar futures contracts has also driven market participant demand for connectivity to DCGX, which remains the only exchange that offers the Indian Rupee/Dollar futures contract trading outside of India.