A Currency Options Primer

Title: A Currency Options Primer
Sub title: none
Author: Shani Shamah
Publisher: John Wiley & Sons, Inc.
Year: 2004 (March 19)
Pages: 210
ISBN: 0470870362 / 9780470870365
Format: Hardcover
Description:
In recent years, currencies of major industrial nations have fluctuated widely in response to trade imbalances, interest rates, commodity prices, and political uncertainty. The pressure to maintain currency parity has led to the breakdown of many exchange rate mechanisms, and has forced the need for active foreign exchange hedging decisions to prevent the erosion of profit margins.
To counteract this worldwide market volatility, currency options were developed as an alternative risk management tool to the spot and forward foreign exchange market, and owe their existence to the demands of foreign exchange users for alternative hedging and exposure management techniques.
This essentially practical book gives a thorough and comprehensive guide to currency options, with clear explanations of the technicalities. It should become recommended reading for many business courses, and will be of interest to new recruits and junior members in investment and merchant banks; to Forex specialist firms; to Treasury institutions; and to investors who require a quick guide within a trading and sales environment.

About the Author:
Shani Shamah has spent over twenty years working in the financial markets in a variety of treasury, sales and marketing positions. She currently works for IFX Markets Ltd in London as Global Head of Sales. The company specializes in foreign exchange, contracts for difference, base and precious metals, managed investment and financial spread trading. Her previous book, A Foreign Exchange Primer, is proving to be a great success.