“Currency Futures” are financial contracts wherein a buyer and seller agree to exchange money at a future date using a predetermined rate; thus minimizing risks from potentially volatile and costly exchange rates.
This article examines how futures work. Continue reading Currency Futures and How They Work (With Examples)
Calculate the exchange rates from two perspectives using direct quotes and indirect quotes. A straightforward explanation. Continue reading Direct and Indirect Quotes in Foreign Exchange (FX)
Depreciation occurs where the domestic currency purchases less foreign currency in an exchange.
Appreciation occurs where the domestic currency purchases more foreign currency in an exchange. Continue reading Appreciation, Depreciation, and Calculating the Rate of Change