What are
Currency Derivatives ?
Currency derivatives are exchange-traded contracts based on underlying currency values. Investors can buy or sell specific amounts of a currency at a pre-agreed rate on a future date. These contracts are mainly used by businesses, such as importers and exporters, to hedge against currency fluctuations. As they are traded on regulated exchanges, currency derivatives eliminate counterparty risk.
Popular Currency Pairs in Currency Derivatives
- USD/INR
- EUR/INR
- JPY/INR
- GBP/INR