In the life of everyone, who is concerned with the
International Trade, the conversion of one currency into
another is a matter of daily requirements. He has to keep
a continuous and vigilant watch on the time to time
movement of exchange rates and have to negotiate
frequently, with the bankers for the favorable exchange
rates. Exchange rate management is also a tool for profit
maximization and risk management. The movement in
the exchange rates and calculations is a detailed
science and it requires a systematic study.
This book explains very clearly the understanding of the
exchange rate mechanism.
Readers will find enough material to have a thorough and
the clear understanding of Exchange Rate Mechanism –
Calculation of Exchange Rates, Booking of Forwarding
Contracts and the various terms used for the purpose.