ZAR/USD futures provide a way to:
- Assess changes in the value of the U.S. dollar compared to the rand
- Manage risks associated with currency rate fluctuations in the FX markets
- Take advantage of profit opportunities stemming from changes in those rates
Things to know:
- There are 13 consecutive calendar months plus two deferred March quarterly cycle contracts
- You can view free real-time prices in spot equivalent terms and in U.S. dollars per South African rand at www.cmegroup.com/e-quivalents
- Physically delivered at expiration
- Trades electronically on the CME Globex platform
- Available virtually around the clock, around the world
- Complete price transparency and anonymity
- Also trades side-by-side on the CME Group trading floor during open outcry trading hours
- CME Clearing clears and settles all trades and guarantees counterparty creditworthiness