by pt
Article by Nirmal Kumar
A futures contract to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date; see Foreign exchange derivative. Typically, one of the currencies is the US dollar Futures based upon currencies are similar to the actual currency markets often known as Forex, but there are some significant differences. For example, currency futures are traded via exchanges, such as the CME (Chicago
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