Question: What are you buying if you purchase a U.S. dollar European put option against the Mexican peso with a strike price of MXN10.0/ $ and

What are you buying if you purchase a U.S. dollar European put option against the Mexican peso with a strike price of MXN10.0/ $ and a maturity of July? (Assume that it is May and the spot rate is MXN10.5/$.)

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