Using Financial Derivatives to Manage Currency Risk: Using Financial Derivatives

Author: John J. Stephens
Publisher:
Publish Date: 2004-10-01
Features: In the book, the author comprehensively introduces the characteristics of various currency derivative instruments and currency risk. The book first introduces definitions, the development process, and procedures, and then provides detailed explanations of each currency derivative instrument. The volatility of currency exchange rates can have a significant impact on a company. A product price quoted in foreign currency with foreign consumers or suppliers may initially seem favorable, but when exchange rates change, it can lead to substantial losses. If a company is unprepared for exchange rate fluctuation risk, its financial condition may face a heavy blow. In this book, John J. Stephens introduces us to how to use financial derivatives to manage currency exchange rate risk. Readers do not need prior knowledge of the derivatives market or advanced mathematical knowledge to understand or learn to use the techniques in this book.