Thus, it appears that delegation of monetary and foreign-exchange policy to the home rule with simultaneous conclusion of a currency union with Denmark would be a complex way of maintaining status quo. Separate currency - fixed-exchange-rate policy If a decision is made for the Faroe Islands (or Greenland) to have their own currency, the options are the same as in other currency areas.
These subjective characteristics can be difficult to discern in practice, particularly in the context of complex global trading markets in which a firm may engage in thousands or more transactions per day. A similar challenge attaches to efforts to distinguish a hedging trade from a proprietary trade.