Euro / Swiss Franc Currency Futures

Category: Forex Futures / G10 Currency Futures

About Euro / Swiss Franc Currency Futures

Euro / Swiss Franc Currency Futures contracts have been developed to track the exchange rate between the Euro and the Swiss Franc. A Euro / Swiss Franc Currency Futures contract gives the holder the right to exchange Euros for Swiss Franc in the future at an exchange rate that was fixed on the date when the Euros were purchased.

Euro / Swiss Franc Currency Futures belongs to the group of the "G10 Currency" from the "Forex" category.

One Euro / Swiss Franc Currency Futures contract covers 125,000 Euros with a minimum price increment (minimum price fluctuation) of 0.0001 per EUR. Thus, a Euro increment is equivalent to 12.5 in Swiss Franc. For example, if a currency futures trader buys one EUR/CHF futures contract during the day at an exchange rate of 1.4337 Swiss Franc per EUR and the exchange rate goes up to 1.4397 Swiss Franc per EUR (60 units up) by the end of the day, the profit from closing the position and selling the previously bought future contract would be 60 x 12.5 = 750 Swiss Franc. In the same example, 10 futures contracts would deliver 7,500 Swiss Franc profit. However, if the EUR/CHF exchange rate dropped down by 60 units, the same futures buyer would suffer a 7,500 Swiss Franc loss on 10 EUR/CHF futures contracts.

Euro / Swiss Franc Currency Futures are traded on the Chicago Merchandise Exchange (CME) under the RF symbol (ticker).