Currency option - Financial definition
Translations: FR option de change (n.f.) , option de taux de change (n.f.) , option sur devises (n.f.) ES opción de cambio (n.f.) , opción sobre divisas (n.f.) , opción sobre tasa de cambio (n.f.) DE Devisenoption (n.f.) , FX-Option (n.f.) , Währungsoption (n.f.)
Concise definition of the term currency option
A currency option gives its holder the right to exchange one currency for another at a predetermined rate and at - or until - a specified date. Strike and expiry date being equal, a call option in one currency is equal to a put option in the other currency.
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