The future is a contract where the currencies, amount, program and bringing an exchange. There are only 4 dates available for making a future exchange contract: the third wednesday of march, june, september and december.
The futures contract rate is calculated using the spot rate adjusted for the difference in two currencies’ percentages. For example, the current currency exchange quote relative to the value of 10 thousand us dollars from point a at time b forms 1:1. Also, the annual interest on the loan for currency a reaches 0%, besides for currency b - 2%. Depending on the above information, the future exchange rate for a one-year contract is liable to be 1.02:1. The retention of currency a in the form of 10 thousand us dollars for one year, the final amount is 10 thousand us dollars (10 thousand usd 0 percent). Holding currency b for up to 12 months, the final figure is $10,200 (10 thousand dollars 200 dollars of interest). In order to get that the final amount of currency b in twelve months will be
usd gbp forecast 10,200 us dollars, an additional surcharge of 200 us dollars is required for currency a. In another situation, neither side will want to trade. Here's how to explain it, when the spot rate is 1, the future rate for a one-year contract is 1.02, depending on the discount rate of 0% for currency a and two% for currency b.
The future, it happens to be sold on the futures market of currencies between the date the contract was signed and the delivery date was indicated. Only the party where there is a future trading agreement on the date of the event is obliged to fulfill the contract.
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