Foreign exchange futures: You can agree to exchange the corresponding foreign currency at the current agreed exchange rate in the future, which is equivalent to locking the future foreign exchange rate, so that the floating exchange rate will not affect your foreign exchange income.

Foreign exchange option: You only need to pay a certain option fee, and you can exchange the corresponding foreign currency with the option seller at a certain established exchange rate in the future. The exchange rate agreed in this option is the minimum guaranteed value of foreign currency in the future. You can exchange it when the exchange rate is lower than the agreed exchange rate, and you can not exchange it when the exchange rate rises, so that you can ensure that your foreign exchange income is above the agreed exchange rate.

Similarities: forward contracts; Free circulation in developed countries;

Difference: the subject matter is different (the transaction is in front and the trading right is behind); The former must be delivered at maturity, and the latter is up to the buyer to decide whether to deliver.