exchange rate risk management by kbank
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Exchange Rate Risk Management
/ 24 NEW YORK 19.00 4.00 SYDNEY
LONDON 14.00
6.00 TOKYO 7.00 HONG KONG SINGAPORE5
Ben Bernanke Current FED Chairman
Alan Greenspan Old FED Chairman
Daily Volume V.S. StockDow Jones
35 Billion 1.1 Trillion
FX Market
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
Rate > = (38.50) Rate 38.50
38.64 38.57 38.50 38.33 38.21 38.16 38.00 37.93 37.86
38.50 38.50 38.50 38.33 38.21 38.16 38.00 38.00 38.00
38.50
38.50
Rate (38.00 38.50) Rate
Rate (38.00 38.50) Rate
38.00
38.00
Rate < = (38.00) Rate 38.00
Rate < = (38.00) Rate 38.00
FX Forward Put or Call Option
FX Forward FX Put or Call OptionForward Contract / . Forward Rate
FX Put or Call Option / / . Strike Rate . Strike Rate / 13.00 PM. BKK Time
Flexibility - Outright Forward - Pro Rate Time Options - -
- FX Put - FX Call