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NISM Currency Derivatives Practice tests, Answers, study material, FREE Mock Tests, online exam preparation to clear the NISM., 1200+ practice Questions , FAQsCurrency derivatives and forex. Convertible currency is defined as any currency that can readily be converted into other currencies Most convertible currencies are available for trade , other. Currency Derivatives Market Founded in 2007, the JSE s Currency Derivatives Market allows for the on ex change trading of Currency Futures , Options on the JSE.