This tutorial clarifies the important concepts, principles, and vocabulary related to currency management from the point of view of the investment manager.
This tutorial clarifies the important concepts, principles, and vocabulary related to currency management from the point of view of the investment manager. It discusses the fundamental mathematics of exchange rates and tendencies that have been manifest in the past. The book deals with using currency management not only to reduce risk but also to enhance return and provides a simple performance measurement framework. Appendixes summarize the algebra and currency relationships, and reference lists are included.
This book is available in print only.