Description: As business becomes increasingly global, your company's exposure to exchange rate fluctuations skyrockets. The tools and techniques for managing this exposure are developing rapidly but they carry their own challenges and risks, and the price for inappropriate hedging strategies can be high. Managing Foreign Exchange Risk provides crucial analytical and practical tools for identifying and managing foreign exchange exposure. Focusing on the issues that most concern organizations which use the foreign exchange markets, it also details "best practices" reporting and control mechanisms designed to avoid treasury disasters. Coverage includes: understanding the nature of currency risk; formulating successful hedging strategies; using forex instruments effectively; managing dealing practices and procedures; and measuring the performance of your treasury's foreign exchange transactions. This book is essential for every financial professional called upon to manage foreign exchange.

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