foreign currency future

foreign currency future definition - business

foreign currency future

A contract for the delivery of a specified amount of a foreign currency. For example, a U.S. business selling products in Germany may decide to sell futures contracts on the euro in order to guarantee an exchange rate of the euro to dollars on a specific date.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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