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Exchange
rate risk is a very important issue for many people. Individuals, firms or
financial institutions may use the TRYUSDollar future contract to hedge themselves
against the exchange rate volatility.
If you are
an exporter, by using this contract you will be able to fix your receivables in
TRY and will be able to give price quotations to your customers for longer
periods. On the other hand, If you are an importer, you will be able to fix your
future payments in TRY and will be able to take future purchasing decisions
without facing any currency fluctuation risk.
TRYUSDollar
contract might also be used for investment purposes other than hedging. It is a
new and alternative investment product which offers new opportunities for
investors with its leverage effect. |