Foreign Exchange: The Practitioner's Guide (Paperback) (ISBN-13: 9781482642520)

Decentralized and volatile, the foreign exchange market is arguably the largest tradable market in the world. With participants ranging from speculators to risk adverse corporate hedgers, the foreign currency market offers a diverse offering of products. The book presents readers with fundamental concepts of market forces, corporate risk management and basic terminology in the market. Later chapters cover products including the spot market, forward contract, option date forward contract, compensating contract, partial offset contract, and swap contracts. The book concludes with more complex contract structures that include the non-deliverable forward contract and common forms of an option contract. Examples of each contract type are provided to reinforce the concepts with a focus on corporate treasury and risk management. Thomas Kimbrell takes a unique approach to introducing foreign currency exchange market by focusing on the corporation. Specifically, Kimbrell writes about risk management and developing policy towards managing foreign exchange volatility on corporate earnings. Examples of foreign exchange products are from a corporate perspective giving treasury management a simple and effective method to easily understand and apply the concepts presented.

Author: Thomas Kimbrell
ISBN-10: 1482642522
ISBN-13: 9781482642520
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 03/11/2013
Pages: 162
Format: Paperback
Weight: 0.54lbs
Size: 9.00h x 6.00w x 0.37d