Summary of Navigating the Waters of Foreign Exchange and International Payments
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You wouldn’t know it by reading the financial news, but the foreign exchange market is a huge and growing enterprise that undeniably dwarfs global stock and bond markets. In an interconnected world, more and more companies must hedge the currency risks their cross-border transactions create. Yet despite its size, the foreign exchange market can seem impenetrable and confusing. The Economist Intelligence Unit offers an easy-to-digest primer on foreign exchange, which getAbstract recommends to students, investors and business professionals.
In this summary, you will learn
- Why the foreign exchange market has grown and
- What types of transactions firms can engage in to hedge their currency risks.
About the Author
The Economist Intelligence Unit is an independent research and analysis organization.