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.
ISBN – 13 : 978-8193434574