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:

• Factors that determine exchange rates;

• How to make sense of forex rate quotations;

• Forward rates: forward differential, premium / discount, forward rate quotations;

• 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 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 banking consultant. He also manages a dedicated finance portal www.banking- rules.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.