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A Currency Options Primer (The Wiley Finance Series) by Shani Shamah is a nonfiction available to read on EtoBox.

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1IntroductionSince the breakdown of the Bretton Woods agreement in the early 1970s, currencies of themajor industrial nations have fluctuated widely in response to trade imbalances, interest rates,commodity prices, war and political uncertainty. In recent years, the pressure of governmentsmaintaining currency parity has led to the breakdown of quite a few exchange rate mechanismsand has, thus, reinforced the need for companies, in particular, to take active foreign exchangehedging decisions in order to prevent the erosion of profit margins.1.1THE FORWARD FOREIGN EXCHANGE MARKETThe forward foreign exchange market developed to assist companies protect themselves fromsome of the uncertainty of exchange rate movements, but foreign exchange forwards are trulyappropriate for known exposures. Using them to cover contingent, variable or translationexposures could force a company to accept losses on unnecessary currency transactions. Notonly that, but rival companies that leave their exposure unhedged may suddenly acquire acompetitive advantage. This has, therefore, partially led to the expansion in the currencyoptions market, which has been even more spectacular than the tremendous growth

Who reads A Currency Options Primer (The Wiley Finance Series)?

Author

Shani Shamah

Publisher

Wiley & Sons, Limited, John

Published

2004

Language

EN

ISBN

9781280272561

Category

nonfiction

Subjects

Language Learning, Finance, Economics