FOREIGN EXCHANGE CONCEPTS AND ARITHMETIC Explained

"Foreign Exchange - Concepts and Arithmetic - Explained" is a comprehensive book that demystifies the fundamentals of foreign exchange and the mechanics involved in calculating different types of exchange rates.

The objective of the book is to give the reader deep insight into the subject by explaining the concepts of foreign exchange - and why exchange rates are calculated in the manner they are.Whereas most conventional literature cover these aspects in a few chapters or, at best, in one section, this entire book is dedicated to the fundamentals of foreign exchange and methods of calculating exchange rates. The calculations are explained with descriptions of what goes on behind the scenes and which are mainly known only to forex dealers.

Starting from basics of foreign currencies, the book takes the reader through more complex concepts like cross rates, forward rates and cross currency forwards. The book is replete with over 150 examples and solved exercises - drawn from real life banking - and these will give the reader a firm grasp of the subject.The book caters to beginners in foreign exchange, while at the same time unravelling many mysteries for those who are already well conversant in the field and are presently working in the forex area. In addition to being suitable for bankers and students of international finance, the book also serves as an explainer for exporters and importers - for whom exchange rates have profound importance in their day-to-day businesses.