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Market prices for FX options

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mikebauer
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Posts: 0
Joined: May 18th, 2004, 7:03 am

Market prices for FX options

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May 20th, 2004, 5:28 am

Is there a model or algorithm for estimating the market price of FX options which is under concensus? Does Black-Scholes provide close enough approximation under ANY circumstances, or is it in fact obsolete as far as FX options are concerned?
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