RedFliers orders $50,000$ pieces of steel rods from its supplier in Xonamba, priced at $1$ Xon each, when the exchange rate is $0\mathrm{.}60$ Xon per dollar. Instead of paying the supplier immediately, RedFliers sells its dollars at the current rate and agrees to buy Xonamba's currency in $30$ days at a fixed forward price. In this way, the company manages to lock in the price of the exchange, eliminating the risk from currency fluctuations in the future. This scenario exemplifies that RedFliers is involved in

Ioan$-$to$-$value trades

random exchanges

dollarization

FX swaps