Good morning everyone.
I have a given amount of money in USD that I would like to "secure" using a forex option to convert to EUR.
My main bank (in Portugal) only offers forex forward contracts not forex options.
Anyone knows if this is usually an operation offered by forex houses or are there any European banks anyone knows that might offer this feature?
In sum, I would like to pay an upfront fee, and at the specified future date exercise or not the option to convert xx amount of USD into EUR at the pre-agreed exchange rate.
Thanks for any help or pointers.
Steven
I have a given amount of money in USD that I would like to "secure" using a forex option to convert to EUR.
My main bank (in Portugal) only offers forex forward contracts not forex options.
Anyone knows if this is usually an operation offered by forex houses or are there any European banks anyone knows that might offer this feature?
In sum, I would like to pay an upfront fee, and at the specified future date exercise or not the option to convert xx amount of USD into EUR at the pre-agreed exchange rate.
Thanks for any help or pointers.
Steven