Business, Legal & Accounting Glossary
Obligation that allows an individual to purchase various currencies for a designated price to be delivered on a pre-determined date. Both parties essentially agree to a fixed price despite fluctuations in the currency market. This type of obligation may prove to be lucrative for speculators that sell these contracts before currencies decline or purchase them before they advance.
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Definitions for Foreign Currency Futures And Options are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.