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About This Book
Foreign Exchange in Practice, now in its 3rd edition, is the single reference to the forex market any financial practitioner needs to have. It explains the concepts involved in foreign exchange and their application to real-life situations. Numerous examples are given. The book was originally developed as a textbook for the Citibank Bourse Course, an intensive course available to clients and staff of Citibank to improve their mastery of these markets. Examples in this edition have been updated to reflect current rates and include the Euro rather than the former European national currencies. The 3rd edition contains a substantial amount of new content particularly with regard to financial mathematics, interest rate swaps, option pricing and applications of option derivatives and Value at Risk.
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Table of contents
- Cover
- Half-Title
- Title
- Copyright
- Contents
- Preface
- CHAPTER 1 Exchange Rates
- CHAPTER 2 Interest Rates
- CHAPTER 3 Cash Flows and Value Dates
- CHAPTER 4 Yield Curves and Gapping in the Money Market
- CHAPTER 5 Bid and Offer Rates
- CHAPTER 6 Forward Exchange Rates
- CHAPTER 7 Applications of Forward Exchange
- CHAPTER 8 Swaps
- CHAPTER 9 The FX Swaps Curve and Gapping in the Foreign Exchange Market
- CHAPTER 10 Currency Options â Pricing
- CHAPTER 11 Applications of Currency Options
- CHAPTER 12 Option Derivatives
- CHAPTER 13 Factors Affecting Exchange Rates
- CHAPTER 14 Value at Risk
- Solutions to Practice Problems
- Appendix: Cumulative Standard Normal Distribution
- Glossary of Terms
- Index