View the Currency presentation - ICICI Direct
View the Currency presentation - ICICI Direct
View the Currency presentation - ICICI Direct
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
What are currency derivatives?<br />
• The term 'Derivatives' indicates it derives its value from some underlying i.e. it has<br />
no independent value. Underlying can be securities, stock market index,<br />
commodities, bullion, currency etc.<br />
• <strong>Currency</strong> derivatives implies contracts where underlying would be <strong>the</strong> currency<br />
exchange rate.<br />
• Examples of currency trading pairs:<br />
- USD-INR – US Dollar against Indian Rupee<br />
- USD-EUR – US Dollar against Euro<br />
- EUR-GBP – Euro against British Pound
Change language