| 释义 |
Earning the Points Earning the PointsSomewhat informal; in foreign exchange, the act of selling a futures contract on a currency at a high exchange rate and buying a currency on the spot market at a lower exchange rate. When one must deliver the underlying currency on the futures contract, earning the points guarantees a gain because one sells the currency at a higher rate than the one at which one bought it. See also: Losing the points. |