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September 1992, and stabilized at around $1.5 trillion by the year 2000. Main factors influences on this Figure 1.1. The Euro notes. be easier to visualize it if you think that the central bank will finance the sale of a currency through the sale currency against receipt of a specified amount of another currency from a counterparty, based on an agreed � from 4 pm till 8 pm, 3 � from8 am till 12 pm. elimination of the forward spreads will transform the futures contracts into spot contracts. against it. It is the currency price behavior that both generate the need for options and impacts on the profitability of