How
to risk-proof your business against exchange rate fluctuations
Given
the increasingly global nature of business and investments, fluctuations in
foreign exchange — or forex — rates now impact a vast number of businesses
affecting as they do both profits and investment decisions of importers and
exporters, multinational businesses, bankers and international investors. In
addition, even a domestic business can face risks to its profits and market
share as a result of fluctuations in foreign currency prices.
In
this book, a vastly experienced banker and financial expert shows how you can
risk-proof your business and profits against adverse exchange rate fluctuations,
highlighting:
Types
of forex contracts, including long-term forward contracts;
Foreign
exchange transactions: different ways you can receive or remit forex;
Foreign
exchange risks: what they are and how you can control them using swaps,
forward rate agreements, futures and options, etc.;
How
to forecast forex rates;
Plus,
a glossary of important forex terms.
Many
business professionals mistakenly consider foreign exchange to be a complex and
arcane topic. Assuming no real prior knowledge, this book demystifies the
subject making it easily understandable. The author's thrust is on clarity and
usefulness; his goal — to help you understand how you can protect your
business and profits from the risks of adverse foreign exchange fluctuations.
RAGHU PALAT is
one of
India's leading writers on banking, finance and investments. He has written over
thirty extremely well received books. A career banker, Mr. Palat has held very
senior positions with multinational banks in
India
and abroad. Raghu Palat is presently a consultant to several banks and also
runs a dedicated finance portal.
Raghu Palat
Raghu
Palat is an acknowledged
authority on investment,
finance and banking and has written more than thirty extremely well received
books on these subjects.
A great grandson of
His Highness, the late Rama Varma, Maharaja of Cochin and Sir Chettur Sankaran
Nair (a member of the Viceroy's Privy Council and a former President of the
Indian National Congress), Raghu Palat is a Fellow of the Institute of Chartered
Accountants in England & Wales.
A career banker he
has held very senior positions with multinational banks in India and abroad. He
has worked in Europe, America, Asia and Africa.
Raghu Palat is
presently a consultant to banks. He also manages a dedicated finance portal
called www.bankingrules.com which is a repertoire of rules and regulations
relating to finance, commerce, corporates and banks. In addition, he conducts
workshops on business etiquette, effective business writing, presentation
skills, banking and finance.
Mr. Palat has also
set up a portal for e-learning www.ibbc.co.in. The courses are an amalgam of
laws, directives and actual real life situations.
Raghu
Palat lives in Mumbai with his wife Pushpa, two daughters, Divya and Nikhila and
their cocker spaniel Champ.
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