Background Note | HBS Case Collection | February 1987 (Revised September 1991)

Foreign Exchange Market, Background Note and Problem Set, The

by W. Carl Kester and Richard P. Melnick

Abstract

Discusses the background of the foreign exchange market. This includes information about the participants and how the market operates. The problem set verses students in the arithmetic in the many common foreign exchange problems such as calculating forward premium and discounts, determining hedge ratios, covered interest arbitrage, etc.

Keywords: Financial Markets;

Citation:

Kester, W. Carl, and Richard P. Melnick. "Foreign Exchange Market, Background Note and Problem Set, The." Harvard Business School Background Note 287-033, February 1987. (Revised September 1991.)