Explains the background of the foreign exchange market. This includes information about the participants and how the market works. The problem set verses students in the arithmetic in the many common problems such as the calculation of foreign exchange forward premium and discounts, the determination of hedge ratios, covered interest arbitrage, etc.

Explains the background of the foreign exchange market. This includes information about the participants and how the market works. The problem set verses students in the arithmetic in the many common problems such as the calculation of foreign exchange forward premium and discounts, the determination of hedge ratios, covered interest arbitrage, etc.
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from
W. Carl Kester,
Richard P. Melnick
12 pages.
Publication Date: Feb 23, 1987. Prod #: 287033-PDF-ENG
Foreign Exchange Market, background information and problem set HBR case solution