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.
BREAKING DOWN '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.