A currency option that confers on the holder the right, but not the obligation, to sell an amount of foreign currency to the option writer (or seller) at a specified exchange rate (the option strike) on or before expiration date. A put option on one currency is concurrently a call option on another currency.
Derivatives
Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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