Usually means: Right to exchange currency rate.
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We found 5 dictionaries that define the word Foreign exchange option:

General (1 matching dictionary)
  1. Foreign exchange option: Wikipedia, the Free Encyclopedia

Business (4 matching dictionaries)
  1. Foreign exchange option: Financial dictionary
  2. Glossary of Trade and Shipping Terms (No longer online)
  3. BusinessDictionary.com (No longer online)

Definitions from Wikipedia (Foreign exchange option)

noun:  In finance, a foreign exchange option (commonly shortened to just FX option or currency option) is a derivative financial instrument that gives the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date.


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