currency option
Definition
Contract that confers the right (but not the obligation) to buy or sell a given amount of a particular currency at a specific exchange rate either (1) on a fixed future date (called European option), or (2) on any date up to a fixed future date (called American option). Philadelphia stock exchange is world's premier currency options market.
currency option is in the Banking, Commerce & Finance, Currency Trading, Disaster Planning & Risk Management and Investing subjects.
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