Currency future

Currency future

Currency future is a futures contract to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: Stocks & securities
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Related terms

currency future

Financial services; Stocks & securities

Currency future is a futures contract to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date.

currency future

Financial services; General Finance

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

foreign currency futures contract

Financial services; General Finance

Standardized and easily transferable obligation between two parties to exchange currencies at a specified rate during a specified delivery month; standardized contract on ...

currency futures contract

Financial services; General Finance

Contract specifying a standard volume of a particular currency to be exchanged on a specific settlement date.

future

Financial services; General Finance

A term used to designate all contracts covering the sale of financial instruments or physical commodities for future delivery on a commodity exchange.

future

Language; Dictionaries

That is to be or come hereafter; that will exist at any time after the present; as, the next moment is future, to the present.

above par

Financial services; Stocks &securities

If bonds are re-sold on the secondary market, and if interest rates are lower that the bond's coupon rate, the bond will be sold at a premium, or above par.

P/E ratio

Financial services; Stocks &securities

The ratio of a company's current price per share and average earnings per share. The former is divided by the latter. A high ratio suggests high growth potential in the future.