Futures contracts are contracts to buy or sell a specific underlying instrument at a specific time in the future, for a specific price. All futures are single period exchange-traded contracts and they are standardised in terms of delivery date, amount and contract terms. Currency futures are contracts to buy or sell a specific underlying currency at a specific time in the future, for a specific price.
Legal contracts that enable the purchase or sale of standardized units of a given currency for a specific period of time for future delivery or settlement and are traded on the floor of the exchange.
contracts for delivery of a certain amount of foreign currency at some future date and at a known price; similar in this way to foreign-exchange forwards
Contracts in the futures markets that are for delivery in a major currency such as U.S. dollars, British pounds, French francs, German marks, Swiss francs, or Japanese yen. Corporations that sell products around the world can hedge their currency risk with these futures.
Futures contracts traded on an exchange, most typically the Chicago Mercantile Exchange ("CME"). Always quoted in terms of the currency value with respect to the US Dollar. Parameters of the futures contract are standardized by the exchange.
Contracts specifying a standard volume of a particular currency to be exchanged for a specific price on a specific settlement date.
Written agreements on the delivery of a fixed amount of foreign currency at a specific price and at a specific date in the future.
See on: Wikipedia Investopedia Currency futures, also FX future or Foreign Exchange future, is a transferable futures contract that specifies the price at which a specified currency can be bought or sold at a future date.
