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Currency futures are exchange-traded contracts that obligate buying or selling currency at a fixed price on a future date.
A currency futures contract is a standardized legal agreement to buy or sell a specific amount of foreign currency at a predetermined price on a future date.
Unlike currency options, currency futures are obligations, not rights — both parties must complete the contract on the expiry date. These contracts are traded on exchanges (like NSE).
Businesses use them to hedge currency risk, and traders use them to speculate on exchange rate movements.
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