A currency derivative is a contract between the seller and the buyer, whose value is to be derived from the underlying asset, the currency amount. A derivative based on currency exchange rates is a forward contract which stipulates the rate at which a given currency can be exchanged for another currency at a future date. Currency derivative is extremely beneficial for importers, exporters, currency traders, banks, currency brokers, money changers, arbitrageurs, companies having exposure in foreign currency and investors.
FVM Advisory is a trading member of all the 3 currently listed currency exchanges i.e. NSE, MCX-SX & USE and provides trading platform for trading in currency pairs like INR-USD, INR-GBP, INR-EUR and INR-JPY.