currency option Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “currency option” in the English Dictionary

"currency option" in Business English

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currency optionnoun [C]

uk   us  
FINANCE a ​type of ​investment that ​allows you to ​buy an ​amount of ​foreigncurrency at a particular exchangerate (= ​price) for a particular ​period: Some ​companies have used ​currencyoptions to ​convertdollars into ​sterling at a known ​rate two or ​even three ​yearsahead.
(Definition of currency option from the Cambridge Business English Dictionary © Cambridge University Press)
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