Currency Futures Overview
Usually a currency futures contract is priced in U.S. dollars per unit of another currency. The purpose of a currency future — or an ‘FX future’ — is to set a contract for the exchange of one currency for another currency at a specific point in time at a fixed price.
Explore each of the individual currencies markets below:
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Australian Dollar Futures - The Australian Dollar is a favorite amongst currency traders for its reliability and broad range of benefits.
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Brazilian Real Futures - The Plano Real (Real Plan) involved a monetary reform package that introduced the modern-day Brazilian Real.
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British Pound Futures - The pound is the fourth-most-traded currency in the foreign exchange market, and it is also the third most held reserve currency in all global reserves.
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Canadian Dollar Futures - Today, the Canadian dollar value has floated ever since 1970, and is the 7th most traded currency in the world.
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Euro FX Futures - Since its introduction into world financial markets in 1999, the Euro has far exceeded the U.S. dollar in world circulation.
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Japanese Yen Futures - Because of its floating exchange rate, the Yen is considered extremely volatile.
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Mexican Peso Futures - The Mexican peso lands at the 12th-most-traded currency in the world, third in the Americas, and first in Latin America in world currency ratings.
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New Zealand Dollar Futures - The New Zealand Dollar is one of the 10 most-traded currencies in the world and accounts for around 1.6% of the global foreign exchange market daily turnover.
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South African Rand Futures - Speculators and investors frequently get involved with the Rand because it is consistently undervalued by 15-20% with frequent fluctuation.
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Swiss Franc Futures - Considered as one of the world’s strongest currencies, the Swiss Franc is popular for its low volatility and its low correlation with returns on foreign assets.
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U.S. Dollar Index Futures - The U.S. dollar is the most used currency in international transactions and as other countries’ official currency.