Currency futures:- are legally binding contracts between buyers and sellers to buy or sell a specific sum of currency in exchange for another at a specified exchange rate. Delivery of the same is meant to take place on a specific future date. Currency futures are also known as forex futures or foreign exchange futures. Currency futures are traded in specialized futures exchanges...
Currency futures were developed after 1971, following the collapse of the Bretton Woods system of fixed exchange rates. The currency futures market is growing in popularity, as the main participants of this organized market comprise bankers, importers, exporters, multinational corporations and private speculators.
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