December 2016
Beginner
194 pages
5h 2m
English
Content preview from Introduction to Foreign Exchange Rates, Second Edition
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Foreign Exchange Transaction Exposure
This chapter shows how companies use forward foreign exchange (FX) contracts to help manage the risk posed by uncertain future FX rate fluctuations, called FX transaction exposure. The coverage includes the valuation of unsettled forward FX positions, called mark-to-market (MTM ) valuation. We also go over some basic corporate accounting implications of using forward FX contracts.
Hedging FX Transaction Exposure with Forward FX Contracts
Although forward FX contracts can be used for speculating on the direction of FX changes, one of the important basic functions of such contracts is to hedge, or offset, the risk in natural FX transaction exposure, where natural refers to “in the course of ordinary ...
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