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In finance, a foreign exchange option (commonly shortened to just FX option or currency option) is a derivative financial instrument that gives the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date. See Foreign exchange derivative.
The foreign exchange options market is the deepest, largest and most liquid market for options of any kind.
Options are typically portrayed as a form of financial insurance, no less useful than property and casualty insurance.
This glossy rationale masks the reality: if it is insurance then a currency option is akin to buying theft insurance to protect against flood risk.
The wood plies are saturated with Pearl’s proprietary “Acousti Glue” that permeates every pore and dries to the exact consistency of the wood for optimum resonance.