Currency derivatives were created:

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Currency derivatives were created mainly to enable multinational corporations (MNCs) to hedge their exposure to currency value fluctuations. By using currency derivatives, MNCs can mitigate currency risks related to international transactions and gain better predictability in their revenues and expenses. While currency derivatives may also provide speculative investment opportunities for individuals and enable interbanks to expand their investment offerings, these applications are secondary in nature. Currency derivatives are not used to control the value of currencies, which is predominantly done through monetary policies or interventions by central banks.

Currency Derivatives Were Created