British Pounds / Swiss Franc Currency Futures

Category: Forex Futures / G10 Currency Futures

About British Pounds / Swiss Franc Currency Futures

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

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

One British Pounds / Swiss Franc Currency Futures contract covers 125,000 British poundss with a minimum price increment (minimum price fluctuation) of 0.0001 per GBP. Thus, a Euro increment is equivalent to 12.5 in Swiss Franc. For example, if a currency futures trader buys one GBP/CHF futures contract during the day at an exchange rate of 1.6545 Swiss Franc per GBP and the exchange rate goes up to 1.6605 Swiss Franc per GBP (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 GBP/CHF exchange rate dropped down by 60 units, the same futures buyer would suffer a 7,500 Swiss Franc loss on 10 GBP/CHF futures contracts.

British Pounds / Swiss Franc Currency Futures are traded on the Chicago Merchandise Exchange (CME) under the PSF symbol (ticker).