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Definition of “currency option” - 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 foreign currency at a particular exchange rate (= price) for a particular period: Some companies have used currency options to convert dollars into sterling at a known rate two or even three years ahead.
(Definition of currency option from the Cambridge Business English Dictionary © Cambridge University Press)
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