Foreign Exchange: Functions, Limits and Risks (1992)

Although the concept of foreign exchange dealing is simple, the technicality of terms and the frequent restructuring of the market means that practical reliable information is vital. Foreign Exchange - function, limits and risk discusses the basic conventions of foreign exchange and the profits and losses that result from fluctuations in rates. The wide range of financial products developed to facilitate foreign exchange management are also considered. The text is aimed at those involved in the treasury function and will provide an invaluable reference source for brokers, dealers and traders and those involved in forex trading, hedging, research and strategic planning.