Sentences with phrase «currencies at a fixed price»

Not exact matches

Otherwise, during this period prices were mostly steady for centuries while England followed the rules of the Gold Standard and kept its currency pegged to gold at a fixed value.

A currency future, also known as an FX future or a foreign exchange future, is a futures contract to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date; see Foreign exchange derivative.

A forward involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract.

For example, it is much better to use American Express Membership rewards Points to transfer to British Airways Avios to purchase a Business Class Are Lingus ticket from Boston to Dublin than it is to use a fixed - point earning currency to outright pay that ticket at the cash price.