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As the internationalization of business grows, so too does your company's exposure to exchange rate fluctuations. The tools and techniques available to help you mange this exposure are developing rapidly but these instruments carry their own particular challenges and risks, and the price for inappropriate hedging strategies can be high. Managing Foreign Exchange Risk provides analytical and practical tools to identify and manage foreign exchange exposure. Focusing on the matters that concern organizations which use the foreign exchange markets, it also provides the necessary reporting and control mechanisms to avoid treasury disasters. Managing Foreign Exchange Risk looks at the unchanging and widely applicable fundamentals of exposure identification and management and shows you how to: * understand the nature of currency risk * establish appropriate policies and controls * formulate successful hedging strategies * understand and use forex instruments * manage dealing practices and procedures * remove the uncertainty from international trade * measure treasury performance