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It's pretty easy - the nominal amounts for derivative trades can be extraordinarily high and currency markets are smaller but in the trillions of dollars per da
by lancewiggs 10y ago
It's pretty easy - the nominal amounts for derivative trades can be extraordinarily high and currency markets are smaller but in the trillions of dollars per day.
They can hedge this (lock in the price in Yen or USD) now and be sure of not losing on currency shifts when it comes time to make the transaction work.