EFTA Document EFTA01353436
Japanese yen at the same time that the pound depreci- ates in relation to the U.S. dollar. As discussed in Chap- ter X under "Special Risks of Cross-Rate Options." this is of particular significance to investors who intend to convert their profits or losses on cross-rate options into U.S. dollars. All of the previous discussion in this chapter relating to foreign currency options In general applies equally to cross-rate options except to the extent that it is spe- cifically limited to doll
Summary
Japanese yen at the same time that the pound depreci- ates in relation to the U.S. dollar. As discussed in Chap- ter X under "Special Risks of Cross-Rate Options." this is of particular significance to investors who intend to convert their profits or losses on cross-rate options into U.S. dollars. All of the previous discussion in this chapter relating to foreign currency options In general applies equally to cross-rate options except to the extent that it is spe- cifically limited to doll
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