Sfm-forex

govinda (student) (90 Points)

07 March 2017  
Nov-15 Sfm Question Q1(d) as per question XYZ, need to pay Japnese Yen 500000. But in solution part put option has been taken incase of Forex Currency Option on purchase? But as per my knowledge Put Option is for sale. Xyz need to buy YEN from Bank IN ORDER to Pay. Why Put option is selected??? I think it should be Call Option. Please Clarify this..