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Managing short-term transaction exposure with currency futures contracts is different from managing it with currency options because currency futures will give you upside gains but

Managing short-term transaction exposure with currency futures contracts is different from managing it with currency options because

  1. currency futures will give you upside gains but immunize against losses
  2. currency options will give you upside gains but immunize against losses
  3. currency forwards require you to mark to market the daily gains or losses

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