Forex dictionary
Average Rate Option A coverage tool where a series of fixations spot rate over the life of an option are used to calculate an average. If the average rate is below the exercise price, the bank must pay the difference with the customer. Otherwise, the option expires worthless, wit
What is Forex dictionary?
Average Rate Option A coverage tool where a series of fixations spot rate over the life of an option are used to calculate an average. If the average rate is below the exercise price, the bank must pay the difference with the customer. Otherwise, the option expires worthless, wit
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