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What Is a Currency Option? A currency option (also known as a forex option) is a contract that gives the buyer the right, but not the obligation, to buy or sell a certain currency at a specified exchange rate on or before a specified date. For this right, a premium is paid to the seller.

Currency futures are futures contracts for currencies that specify the price of exchanging one currency for another at a future date. The rate for currency futures contracts is derived from spot rates of the currency pair. Currency futures are used to hedge the risk of receiving payments in a foreign currency.

A Standard Clause to be used in an export contract for the sale of goods to specify the currency to be used for payments. This clause also contains language to mitigate currency risk (foreign exchange risk), including optional language requiring the buyer to reimburse the seller for any shortfalls due to currency risk.

If a contract between parties from different countries refers to a currency that uses the dollar sign, using a currency code or a suitably modified currency sign, such as A$ for Australian dollars and Mex$ for Mexican pesos, would make it clear which currency is being referred to.

All amounts payable hereunder shall be paid in United States dollars. U.S. Currency. All payments hereunder shall be made in lawful United States currency and shall in no case be refundable.

The wording usually follows that of a cheque: ?Thirty thousand one hundred and twenty-five dollars and none/100 cents ($30,125.00)? or ?Thirty thousand one hundred and twenty-five dollars and 75/100 cents ($30,125.75)? Writing the cents as part of the dollar is the preferred style of many law firms because the meaning ...

Currency Agreements means foreign exchange contracts, currency swap agreements or other similar agreements or arrangements designed to protect against the fluctuations in currency values.