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Commodity Research Report | LKP Securities

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The currency derivative is future contracts that one can sell and buy, a currency at a future date. In Indian markets, they are available as USD, EUR, GBP, JPYwhich are US dollars, euro Great Britain Pound, Japanese yen. The Forex helps in stabilizing the future exchange rate negating the volatility by keeping the currency risk aside. There are different types of derivatives that have functions of getting into a predetermined price and date or at a later date or even at different dates.

There are many benefits of currency derivatives

· They are better risk management

· It can be used for short term movements in the market

· They help to protect the holding