For a currency that has a futures contract, basis risk is not typically a problem as $1 is the same as any other $1.

Name: For a currency that has a futures contract, basis risk is not typically a problem as $1 is the same as any other $1.
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Basis risk is not typically a problem for currency futures contracts because the underlying asset is a currency, and all units of the same currency are fungible. This means that $1 is always worth $1, regardless of the time or place of delivery.

For a Currency That Has a Futures Contract, Basis Risk