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Currency Futures Contract

Definition of 'Currency Futures Contract'

A commitment to deliver a specific amount of foreign exchange at a specified future date at an agreed price incorporated in the contract. Contracts can be traded on an exchange in standard sizes.

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Related Terms

Chicago Mercantile ExchangeFutures contractForeign Currency SwapDerivativeUnderlying CurrencyDerivatveCurrency SwaptionCash and CarryOpen InterestPhysical DeliveryRingTrading PitUnderlying AssetBase CurrencyConvertible CurrencyQuoted CurrencyInternational Monetary MarketCFDContract For DifferenceForward contract

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