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Given the increasingly global nature of business and investments, fluctuations in foreign exchange or forex rates now impact a vast number of businesses affecting as they do both profits and investment decisions of importers and exporters, multinational businesses, bankers and international investors. In addition, even a domestic business can face risks to its profits and market share as a result of fluctuations in foreign currency prices.
In this book, a vastly experienced banker and financial expert shows how you can risk-proof your business and profits against adverse exchange rate fluctuations, highlighting:
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Factors that determine exchange rates;
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How to make sense of forex rate quotations;
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Forward rates: forward differential, premium / discount, forward rate quotations;
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Types of forex contracts, including long-term forward contracts;
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Foreign exchange transactions: different ways you can receive or remit forex;
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Foreign exchange risks: what they are and how you can control them using swaps, forward rate agreements, futures and options, etc.;
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How to forecast forex rates;
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Plus, a glossary of important forex terms.
Many business professionals mistakenly consider foreign exchange to be a complex and arcane topic. Assuming no real prior knowledge, this book demystifies the subject making it easily understandable. The author`s thrust is on clarity and usefulness; his goal to help you understand how you can protect your business and profits from the risks of adverse foreign exchange fluctuations.
ISBN - 9788170947929
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Pages : 200
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