The Exporter’s & Importer’s Handbook on Foreign Currencies

Designed to break down the mystique which has surrounded the subject of foreign exchange for so long. The book explains in terms that can easily be understood, how the system works and the benefits that can be derived from it and is aimed at exporters, importers, purchasing managers and students. Front Matter....Pages i-viii Introduction....Pages 1-10 Front Matter....Pages 11-11 A Background to Foreign Exchange....Pages 13-19 The Euro-currency Market....Pages 20-22 Premiums and Discounts....Pages 23-27 Spot Rates of Exchange....Pages 28-30 Selling and Buying Currencies Forward....Pages 31-34 Calculating Premiums and Discounts....Pages 35-39 What is a Forward Rate?....Pages 40-45 Monitoring Euro-currency Interest Rates....Pages 46-47 Extending a Forward Contract....Pages 48-52 Currency Options....Pages 53-56 Financial Futures....Pages 57-58 European Currency Units (ECUs)....Pages 59-64 Borrowing Currencies....Pages 65-68 Offsetting Imports with Exports....Pages 69-70 Front Matter....Pages 71-71 Marketing and Sales....Pages 73-79 ‘I’ve Got a Contract’....Pages 80-80 Quoting....Pages 81-82 Pricing....Pages 83-83 Purchasing....Pages 84-87 Front Matter....Pages 71-71 Case Studies....Pages 88-101 The Treasury Function....Pages 102-103 Strategic Considerations....Pages 104-113 Buying from UK Importing Agents....Pages 114-115 Conclusion....Pages 116-117 Back Matter....Pages 118-126