Definitions for "Currency future"
Publicly traded contract involving the sale or purchase of a standardized amount of foreign currency at a price with delivery at a stated future date.
a transferable futures contract that fixes the price at which a foreign currency can be bought or sold at a specified Future date
Similar to a forward currency contract. The difference is that futures contracts are standardised for the convenience of market participants and quoted on an exchange. To reduce the risk of one party to the contract defaulting, the accrued profit or loss from a futures contract is calculated and paid on a daily basis rather than on the maturity of the contract.