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Closed Position

Exposure in foreign currencies that no longer exists.

Additional Comments:

The process to close a position is to sell or buy a certain amount of currency to offset an equal amount of the open position. This will square the position.

Related Terms:

Covered Option
A position offset by an equal and opposite position in the underlying security. ...

Open Position
An active trade with corresponding unrealized P/L, which has not been offset by an equal and ...

Long Position
A position that appreciates in value if market prices increase. When the base currency in the ...

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