haku: @indexterm FORWARD EXCHANGE / yhteensä: 61
viite: 13 / 61
| Tekijä: | Berg, M. Moore, G. |
| Otsikko: | Foreign exchange strategies: spot, forward and options. |
| Lehti: | Journal of Business Finance and Accounting
1991 : APR, VOL. 18:3, p. 449-457 |
| Asiasana: | FOREIGN EXCHANGE FORWARD EXCHANGE OPTIONS STRATEGY |
| Kieli: | eng |
| Tiivistelmä: | Four strategies of purchasing foreign currency needed for a future transaction are compared. The alternatives are: buying at the forward market, buying at the moment of need, buying a call option or selling a put option. The conditions are identified under which each strategy is globally optimal in terms of the probabilistic assessment of the decision maker regarding currency exchange fluctuations. Some observations are made on the nature of the optimal strategy choice and its dependence on the currency exchange volatility. It is shown that a greater volatility in the spot exchange rate implies that buying a call option or buying at the spot market are more likely to be the optimal strategies. |
SCIMA