There are a few ways to go here.
The easiest example is where there is a fixed amount in the future that you are excepting to either come in to Australia or leaving Australia. You can either use a FRA Forward Rate Agreement or FX currency pair ie buy or sell one currency against the other...
Generally, I find a common mistake is to initiate the stop loss basis the option price. Generally, the option price will increase at a rapid rate when the perceived perception takes hold. Your chance of slippage is great. I would suggest in most cases using the underlying security. Sadly...
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