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The book deals comprehensively with all aspects of foreign exchange and international finance. It delves into the age-old practices and current scenarios in forex market, foreign exchange market trading. The balance of payment, its effects on the economy, and the calculation is also dealt with in detail. Various approaches and trends in balance of payment are also dealt with in detail. The book throws light on the factors affecting the capital and current account, the factors affecting currency movement along with the intervention of central bank institutions. We have also covered in detail the various financial institutions including the EXIM bank, with special emphasis on international flow of capital. A detailed analysis of the international trade including various methods, modes of settlement, payments, documentation, procedure and various foreign exchange products are discussed. Foreign exchange risk management along with various hedging tools are discussed in detail. A detailed analysis of FDI, forex crises, their management and the financial centres are also discussed.