FOREIGN EXCHANGE PREMIUM Crossword Clue

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Crossword Puzzle Infos
The term 'foreign exchange PREMIUM' can be summarized as the difference between the spot rate and the forward rate of a currency. The term 'agio' is a four-letter word that is used to describe this difference. Agio is derived from the Italian word for 'PREMIUM' and is used to refer to the amount of money that must be paid or received when exchanging one currency for another.
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