Currency settlement Query

[Kshiteesh_Saralaya]

Hey @speculator_trade

Check out this post.

How is the settlement price for currency futures arrived at?

When I trade Nifty futures and don’t square off on the expiry day, my Nifty futures is settled according to the closing price of Nifty Index. But how does this work in case of Currency futures? What happens on the expiry day if I don’t square off my currency futures position?