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.

Autorentext
STEVE ANTHONY has over 20 years of practical experience in financial markets. He was Treasurer of Citibank in Australia from 1992 till 1996. Since then he has been running a company which conducts training in Financial Markets.

Inhalt
Exchange Rates Interest Rates Cash Flows and Value Rates Yield Curves and Gapping in the Money Market Bid and Offer Rates Forward Exchange Rates Applications of Forward Exchange Currency Swaps The Swaps Curve and Gapping in the Foreign Exchange Market Currency Options: Pricing Applications of Currency Options Options Derivatives Factors Affecting Exchange Rates Value at Risk