Currency Futures
A transferable futures contract that specifies the price at which a specified currency can be bought or sold at a future date. Investopedia Says:
Currency future contracts allow investors to hedge against foreign exchange risk. Since these contracts are marked-to-market daily, investors can--by closing out their position--exit from their obligation to buy or sell the currency prior to the contract's delivery date. Related Terms:
Currency
Currency Forward
Futures Contract
Hedge
Mark-to-Market - MTM |