exchange rate- the charge for exchanging currency of one country for currency of another rate of exchange charge per unit,rate- amount of a charge or payment relative to some basis; "a 10-minute phone call at that rate would cost $5" ...
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If the importer buys a June call option with a strike price of 1065, then this contract can already be exercised to buy cheap currency. By exercising the option the importer can already buy Swiss francs at $1.065, and could then turn around and sell them on the spot market for $1.0764....
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Latest 6-Month AUD/USD Graph & Chart (Depreciation -4.11%) Latest 1-Year AUD/USD Graph & Chart (Depreciation -3.86%) Free Tools for your webiste!! Always know the cheap exchange rate! Free Tools for your webiste!! Always know the cheap exchange rate!