Foreign currency futures contract


 

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Foreign currency futures contract

Standardized and easily transferable obligation between two parties to exchange currencies at a specified rate during a specified delivery month; standardized contract on specified underlying currencies, in multiples of standard amounts. Purchased and traded on a regulated exchange on which margins are posted.



Foreign currency futures contract

Similar Matches

Currency no longer issued

Currency no longer issued

Old and new series gold and silver certificates, Federal Reserve notes, national bank notes, and 1890 Series Treasury notes.


Foreign currency forward contract

Foreign currency forward contract

Agreement that obligates its parties to exchange given quantities of currencies at a prespecified exchange rate on a certain future date.


Currency future

Currency future

A financial future contract for the delivery of a specified foreign currency.


Reserve currency

Reserve currency

A foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of intergovernmental claims.


Currency board

Currency board

An extreme form of pegged exchange rate in which management of both the exchange rate and the money supply are taken away from the central bank and given to an agency with instructions to back every unit of circulating domestic currency with a specified amount of foreign currency. Operates similar to the gold standard.


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