Currency 1: Floored Put on Currency 3 Formula: H1 = max (X1 – S13, 0) – max (X2 – S13, 0)

Currency 2: Unidentified.

Asset 3: Unidentified.

Comparing the diagrams for Currency 1 and Currency 2 with the ones in the "PAT In a Two-Currency Environment" section, we notice that this is the same case. The payoff for Currency 2, which is financially equivalent to the other two payoffs, is an alternate payoff providing an absolutely identical financial risk/reward scenario.