► an agreement to buy a currency at a particular rate in the future. Companies that export goods use currency hedges to be certain about the amount they will receive for particular goods when they deliver them: »
The currency hedge had been intended to protect the company against a sharp rise in the value of the pound against the euro.
currency hedgingnoun [U]
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The company is happy with its currency hedging strategy, which has helped offset the impact of the weaker US dollar.