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Exchange Rate Determination

by Michael Rosenberg

📖 The Scoop

The currency exchange rate market is the most active market in the world and, with the dollar taking a beating on the foreign exchange, this market has become more important than ever. The world has changed in the last five years with increased global trade and interaction redefining how business gets done. Getting the exchange rate right is critical for any company doing business in today's global economy. Foreign exchange rates can play a key role in profit/loss, affect decisions on major projects, and determine the best course for a marketing plan. But getting exchange rates right is far from easy, and currency forecasts can go awry for a variety of reasons. Many models and strategies are available to forecast exchange rates, and each has it appropriate use and place. Exchange Rate Determination is the definitive guidebook to the wide variety of approaches to forecasting foreign exchange rates, summarizing each in an easy-to-read format. The author has created a user-friendly format: The written text and mathematical formulas are kept to a minimum, while the charts and tables are allowed to tell the story. This practitioner's guide combines theory and application in a workbook-l

Genre: Business & Economics / Accounting / General (fancy, right?)

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