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Currency Futures
Currency Futures are traded on the CME, GLOBEX. Below are the main currency contracts that are traded, The value of each Price Increment Point (PIP) can be calculated by multiplying the PIP by the contract value. The profit or loss of each trade can be calculated by multiplying the number of pips gained or lost by the contract value.
When placing a Currency Futures trade the broker will take some money from your cash account and set it aside in your margin account. For example if you were to use a gearing ratio of 1:40 the broker would take 2.5% of the value of the contract and put it into margin. For a full contract the margin would be around $3-4k depending on what currency future being traded.
| Currency | Symbol | PIP | 1 Contract Value | PIP Value | Approx Margin |
|---|---|---|---|---|---|
Aussie Dollar |
AUD |
0.0001 |
100000 AUD |
$10 USD | $3375 USD |
| Pound | GBP | 0.0001 |
62500 GBP |
$6.25 USD | $2700 USD |
| Canadian | CAD | 0.0001 |
100000 CAD |
$10 USD | $2450 USD |
| Euro | EUR | 0.0001 |
125000 EUR |
$12.50 USD | $4050 USD |
| Japanese Yen | JPY | 0.000001 |
12500000 JPY |
$12.50 USD | $4050 USD |
| Mexican Peso | MXP | 0.000001 |
500000 MXP |
$50 USD | $2500 USD |
| Swiss Franc | CHF | 0.0001 |
125000 CHF |
$12.50 USD | $3715 USD |
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Disclaimer: This information is obtained from sources believed to be reliable. However, WorldCommodityExchange.com cannot guarantee its accuracy. Contract Specifications are subject to change. Margins are subject to change at any time, please consult your broker for additional information on current margin requirements and a suitable level of gearing.
Disclosure Statement
All markets have inherent risks. Futures and options markets are no different and involve substantial risk of loss and is not suitable for all investors. Investors may lose more than their initial investment. Past performance is not indicative of future results. Investors must employ suitable risk management strategies to ensure that they can preserve capital if they run into a series of losses.
