The foreign exchange market, also known as the Forex market, is a global market where individuals, businesses, and institutions trade currencies. It is a decentralized market, operating 24/7, with a daily turnover of over $6 trillion. The market involves the exchange of one currency for another, with the exchange rate determining the value of one currency in terms of another.
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The 17th Edition provides a comprehensive blend of theoretical economics and practical procedural knowledge required by banks and multinational corporations. :
Execution, cancellation, and extension of forward contracts. : The foreign exchange market, also known as the
The text meticulously breaks down the three primary types of currency exposure that corporate entities face:
: Markets determine the rate, but central banks intervene to prevent extreme volatility. Quotations and Market Mechanics
Understanding the crucial guidelines governing forex business in India. B. International Financial Management To help point you toward the exact resources
It explains the operational aspects of banking in foreign exchange, making it excellent for IBPS and internal bank exams.
Affects structural business viability, such as sudden raw material cost changes due to systemic currency devaluation. 3. Hedging Strategies and Risk Mitigation Instruments
: Step-by-step breakdowns of direct versus indirect quotes, two-way pricing spreads, forward points computation, interbank margins, and cross-rate calculations. Affects structural business viability
| Edition | Year of Publication | ISBN (where available) | Key Details / Source | | :--- | :--- | :--- | :--- | | 9th Edition | 2004 - 2005 | 818054155X | 432 pages | | 10th Edition | 2005 - 2010 | - | Published by Sultan Chand | | 11th Edition | 2008 | - | Published in New Delhi | | 12th Edition | 2010 | 8180547164 | Includes bibliographical references and index | | 13th Edition | 2011 (For a related work) | 9788180547171 | A 13th edition was for a related work, not this exact title | | 17th Edition | 2023 | 9789351611608 | Confirmed in a library catalog; 375 pages |
The financial sector evolves rapidly. The newest iterations of Jeevanandam’s text address several key updates: