Introduction to foreign exchange rates /

As managers expand their international business operations, they are confronted by the puzzling and vexing world of foreign exchange (FX) rates. This text is designed as a resource that can help managers quickly understand and navigate the FX market. The text may be used as an introductory module in...

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Bibliographic Details
Main Author: O'Brien, Thomas J., (Author)
Format: eBook
Language:English
Published: New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2013.
Edition:First edition.
Series:2013 digital library.
Finance and financial management collection.
Subjects:
Online Access:Click to View
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100 1 |a O'Brien, Thomas J.,  |e author. 
245 1 0 |a Introduction to foreign exchange rates /  |c Thomas J. O'Brien. 
250 |a First edition. 
264 1 |a New York, New York (222 East 46th Street, New York, NY 10017) :  |b Business Expert Press,  |c 2013. 
300 |a 1 online resource (187 pages) 
336 |a text  |2 rdacontent 
337 |a computer  |2 rdamedia 
338 |a online resource  |2 rdacarrier 
490 1 |a Finance and financial management collection 
500 |a Part of: 2013 digital library. 
504 |a Includes bibliographical references (pages [179-181]) and index. 
505 0 |a Foreign exchange rates -- Foreign exchange rate volatility -- Purchasing power parity -- Extensions of purchasing power parity -- Interest rates and foreign exchange -- Topics in uncovered interest rate parity -- Forward FX contracts -- Foreign exchange transaction exposure -- Case. Houston Marine Electronics -- Notes -- References -- Index. 
506 |a Access restricted to authorized users and institutions. 
520 3 |a As managers expand their international business operations, they are confronted by the puzzling and vexing world of foreign exchange (FX) rates. This text is designed as a resource that can help managers quickly understand and navigate the FX market. The text may be used as an introductory module in a course in international finance, whether the course is oriented to international markets, international investments, or international corporate finance. The primary intended audience is an applied MBA course aimed at executives, managers, and would-be managers. After an introduction to FX rates, the text covers the important topic FX rate valuation. It is important for managers to understand when an FX rate is incorrectly valued, as this situation may have a bearing on corporate decisions on strategy, risk management, capital structure, and overseas investments and operations. The text also covers the mechanics of forward FX contracts, and their use in managing the risk of future foreign currency cash flows. The text includes a case that unifies the ideas. The case company is faced with FX exposure in the revenues from a proposed new foreign customer. The decision maker applies the text material to evaluate whether the FX rate is over-, under-, or correctly valued. The final decisions are whether to expand sales to the foreign market and whether to hedge the FX risk. 
588 |a Title from PDF title page (viewed on November 5, 2013). 
590 |a Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries. 
650 0 |a Foreign exchange rates. 
653 |a foreign exchange rates 
653 |a international parity conditions 
653 |a purchasing power 
653 |a interest rates 
653 |a forward FX contracts 
653 |a hedging 
653 |a FX transaction exposure 
655 4 |a Electronic books. 
776 0 8 |i Print version:  |z 9781606497364 
797 2 |a ProQuest (Firm) 
830 0 |a 2013 digital library. 
830 0 |a Finance and financial management collection. 
856 4 0 |u https://ebookcentral.proquest.com/lib/matrademy/detail.action?docID=1460719  |z Click to View