Dual Currency Service

AAA

DEFINITION of 'Dual Currency Service'

A forex trading service that allows an investor to speculate on exchange rate movement between two specific currencies through a fund or instrument. A dual currency service typically requires the investor to make directional speculations between the currencies, such as speculating that the U.S. dollar will rise against the yen.

INVESTOPEDIA EXPLAINS 'Dual Currency Service'

Dual currency service instruments typically involve currency pairs of major, liquid currencies, such as the U.S. dollar, pound, Swiss franc, euro and yen. Because it is a directional service, the investor is able to make generalized price bets as opposed to bets on the specific exchange rate spot price.

RELATED TERMS
  1. Dual Currency Bond

    A debt instrument in which the coupon and principal payments ...
  2. Major Pairs

    The four forex pairs which are considered to be the most heavily ...
  3. Currency

    A generally accepted form of money, including coins and paper ...
  4. Forex - FX

    The market in which currencies are traded. The forex market is ...
  5. Currency Pair

    The quotation and pricing structure of the currencies traded ...
  6. Euro

    The official currency of the European Union's (EU) member states. ...
Related Articles
  1. The Fundamentals Of Forex Fundamentals
    Forex Education

    The Fundamentals Of Forex Fundamentals

  2. A Primer On The Forex Market
    Options & Futures

    A Primer On The Forex Market

  3. Forex: Demo Before You Dive In
    Forex Education

    Forex: Demo Before You Dive In

  4. Forex: Wading Into The Currency Market
    Forex Education

    Forex: Wading Into The Currency Market

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center