LEADER 03743nam 2200661 450 001 9910789307903321 005 20230125211944.0 010 $a1-60649-737-5 035 $a(CKB)3580000000001208 035 $a(EBL)1460719 035 $a(SSID)ssj0001340407 035 $a(PQKBManifestationID)11762215 035 $a(PQKBTitleCode)TC0001340407 035 $a(PQKBWorkID)11356243 035 $a(PQKB)11156421 035 $a(OCoLC)862232847 035 $a(CaBNVSL)swl00402918 035 $a(Au-PeEL)EBL1460719 035 $a(CaPaEBR)ebr10786065 035 $a(CaSebORM)9781606497371 035 $a(MiAaPQ)EBC1460719 035 $a(EXLCZ)993580000000001208 100 $a20131105d2013 fy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aIntroduction to foreign exchange rates /$fThomas J. O'Brien 205 $aFirst edition. 210 1$aNew York, New York (222 East 46th Street, New York, NY 10017) :$cBusiness Expert Press,$d2013. 215 $a1 online resource (202 p.) 225 1 $aFinance and financial management collection 300 $aPart of: 2013 digital library. 311 $a1-60649-736-7 320 $aIncludes bibliographical references (pages [179-181]) and index. 327 $aForeign exchange rates -- Foreign exchange rate volatility -- Purchasing power parity -- Extensions of purchasing power parity -- Interest rates and foreign exchange -- Topics in uncovered interest rate parity -- Forward FX contracts -- Foreign exchange transaction exposure -- Case. Houston Marine Electronics -- Notes -- References -- Index. 330 3 $aAs managers expand their international business operations, they are confronted by the puzzling and vexing world of foreign exchange (FX) rates. This text is designed as a resource that can help managers quickly understand and navigate the FX market. The text may be used as an introductory module in a course in international finance, whether the course is oriented to international markets, international investments, or international corporate finance. The primary intended audience is an applied MBA course aimed at executives, managers, and would-be managers. After an introduction to FX rates, the text covers the important topic FX rate valuation. It is important for managers to understand when an FX rate is incorrectly valued, as this situation may have a bearing on corporate decisions on strategy, risk management, capital structure, and overseas investments and operations. The text also covers the mechanics of forward FX contracts, and their use in managing the risk of future foreign currency cash flows. The text includes a case that unifies the ideas. The case company is faced with FX exposure in the revenues from a proposed new foreign customer. The decision maker applies the text material to evaluate whether the FX rate is over-, under-, or correctly valued. The final decisions are whether to expand sales to the foreign market and whether to hedge the FX risk. 410 0$a2013 digital library. 410 0$aFinance and financial management collection. 606 $aForeign exchange rates 610 $aforeign exchange rates 610 $ainternational parity conditions 610 $apurchasing power 610 $ainterest rates 610 $aforward FX contracts 610 $ahedging 610 $aFX transaction exposure 615 0$aForeign exchange rates. 676 $a332.45 700 $aO'Brien$b Thomas J.$0895182 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910789307903321 996 $aIntroduction to foreign exchange rates$92001189 997 $aUNINA