The commonly used 100% forward contract cover is a symmetric hedge.

Name: The commonly used 100% forward contract cover is a symmetric hedge.
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A 100% forward contract cover is considered as a symmetric hedge because it provides equal protection against both appreciation and depreciation of a currency. The contract fixes the exchange rate at which the transaction will occur, thereby eliminating any uncertainty in future payment or receipt of foreign currency.

The Commonly Used 100% Forward Contract Cover Is a Symmetric