If I have a property in Japan that I want to sell and then from the sale , change the money into NZD. I dont know the price at which I will sell the property all i know is I want to sell it within the next 12 months and dont want to be exposed to negative turn in exchange rates between the NZD and YEN.
Are FX currency option premiums based on the amount you actually want to exchange? i.e does it matter if my house sells for 800,000 Yen or 900,000 Yen? When premiums are calculated are they a flat percentage regardless of the amount you actually want to trade or is it dependant to the amount you want to trade? Can I buy an option now or do I have to wit until I sell the property?