efficiency of Currency future contracts

Currency future contracts are agreements for purchasing and selling a determinate scale of an asset (foreign exchange) for the delivery in the specified future in exchange of a determinate price at the time of the contract’s conclusion. In this paper, while clarifying structure and features of Currency future contracts in the capital market as well as necessity of its implication and efficiency and venture of such contracts, we have tried to dismiss any doubts on the validity of Currency future contracts in respect of their offer and validation.