Bloomberg forex rates

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As in a spot transaction, funds are exchanged on the settlement date. A forex or currency futures contract forx an agreement between two parties to deliver a set amount of currency at a set date, called the expiry, in the future.

Futures contracts are traded on an exchange for set click to see more bloomberg forex rates currency and rtes set expiry dates. Unlike a forward, the terms of a futures contract are non-negotiable. A profit is made on the difference between the prices the contract was bought and sold bloomberg forex rates. Instead, speculators buy and sell the contracts prior to expiration, realizing their profits or losses on their transactions.