A Currency Options Primer (The Wiley Finance Series) by Shani Shamah

Product Description

A quick and concise guide to currency options
An understanding of currency options is essential for those working in investment and foreign exchange. A Currency Options Primer sets out to give readers a clear guide to how the currency option market functions, offering practical advice on mastering the necessary components and concepts for fully understanding the workings of this market.
Product Details
Amazon Sales Rank: #1321744 in Books
Published on: 2004-03-19
Number of items: 1
Binding: Hardcover
210 pages
Editorial Reviews

Download 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. "

Book Info
Text provides an introduction to currency options, with clear explanations of the technicalities. Includes index, glossary, and tables. DLC: Options (Finance).

From the Back Cover
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.
Customer Reviews

Could be condensed into 30 pages
Save your money and buy "Foreign Exchange: A Practical Guide to the FX Markets" by Tim Weithers instead. That book covers the main content of this book in one chapter and does so in a much more readable way.

Note that both of these books would really only be useful to newcomers to the FX markets. Professional traders should likely skip both titles.

extremely basic
there is this phrase in the download review "...with clear explanations of the technicalities...". I find that to be misleading and wanted to write this review. this book is only for those who never ever had anything to do with any options, and are also allergic to math. barely touches on the technicalities of fx options.