Business, Legal & Accounting Glossary
A negotiated agreement to share currency risk between international sellers and buyers to spread out the impact of currency rate changes. The agreement may specify how to split the loss when currency rates are unfavorable and how to split the gain when currency rates are favorable. For instance, a seller in the US may agree with the buyer in Japan that they divide the gains or losses that may result in the change of currency equally between them.
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This glossary post was last updated: 20th November, 2021 | 0 Views.