📘 Core concepts
- 1Forex risk types: transaction, translation, economic.
- 2Hedging tools: forward, currency futures, options, money market hedge, swaps.
- 3Parity conditions: Interest Rate Parity, Purchasing Power Parity, Fisher Effect.
- 4Cross rate computed via vehicle currency (usually USD).
- 5International capital budgeting — translate to home currency, account for tax & repatriation rules.
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