An option where the holder has the right to buy foreign currency from the writer of the option is a

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A call option gives the holder the right to buy an underlying asset (in this case, foreign currency) from the writer of the option at a specified price (strike price) and at a certain time. Therefore, a call option allows the holder to benefit from a potential increase in the value of the foreign currency. A forward option, on the other hand, is a contract that obligates the holder to buy or sell an asset at a future point in time at a specified price, whereas a put option gives the holder the right to sell an underlying asset to the writer of the option. A swap option is a type of financial derivative that combines elements of both options and swaps.

An Option Where the Holder Has the Right to Buy