Answer:
Blank 1: Greater
Blank 2: Greater
Explanation:
The greater the volatility of a currency, the greater will be the premium of a call option on this currency, and the greater will be the premium of a put option on this currency, other things equal.
An increase in implied volatility would add to the value. This is because the greater the volatility of the underlying asset, the more chances the option has of finishing in-the-money. The opposite is true if implied volatility decreases.
