Exchange Rate Risk Management

/ 24
NEW YORK 19.00
4.00 SYDNEY

LONDON 14.00

6.00 TOKYO
7.00 HONG KONG
SINGAPORE
5

Ben Bernanke
Current FED Chairman

Alan Greenspan
Old FED Chairman

Daily Volume V.S. Stock

Dow Jones

FX Market

35 Billion
1.1 Trillion

Forward Contract
FX Option
FX Forward Put or Call Option

Forward Contract

+
=
-

SWAP

FX Option

FX Option
Put or Call Option

 FX Option

Put or Call Option

COLLAR

FX COLLAR

Rate > = (38.50)
Rate 38.50

38.50

Rate
(38.00 38.50)
Rate

38.00

Rate < = (38.00)

Rate 38.00

38.64

38.50

38.57

38.50

38.50

38.50

38.33

38.33

38.21

38.21

38.16

38.16

38.00

38.00

37.93

38.00

37.86

38.00

Rate > = (38.50)
Rate 38.50

38.50

Rate
(38.00 38.50)
Rate

38.00

Rate < = (38.00)

Rate 38.00

 FX Forward Put or Call Option

 FX Forward FX Put or Call Option

Forward Contract

FX Put or Call Option

. Forward Rate

/ . Strike Rate
. Strike Rate

Flexibility

- Outright Forward
- Pro Rate Time Options

/
13.00 PM. BKK Time

- FX Put
- FX Call

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