a contract that gives the holder the right, but
a right to buy or to sell a designated quantity of a foreign currency at a specified exchange rate, called the strike price, at or before a designated expiration date
An option contract which gives the buyer the right (but not the obligation) to buy or sell a specified amount of a foreign currency in exchange for another on or before a specified future date. Sometimes used to hedge securities held in overseas markets.
Option contract which gives the right to buy or sell a currency with another currency at a specified exchange rate during a specified period.
A currency option gives the buyer, the right but not the obligation, to buy or sell, a specific amount of currency at a specified exchange rate, on or before a future date.
A derivative giving its holder the right, but not the obligation, to buy or to sell a certain amount of a foreign currency at a predetermined price on a specified date.
The right to buy or sell one currency against another currency at a specified price during a specified period.
See on: Wikipedia Investopedia A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. For this right, a premium is paid to the broker, which will vary depending on the number of contracts purchased. Currency options are one of the best ways for corporations or individuals to hedge against adverse movements in exchange rates.