Discussion:
"The Market for Foreign Exchange" Please respond to the following:
• Banks find it necessary to accommodate their clients' needs to buy or sell FX forward, in many instances for hedging purposes. Discuss how a bank may mitigate the currency exposure it has created for itself by accommodating the clients' forward transaction.
• Create a list of three best practices for reading spot market quotations, deriving cross-rate quotations, and leveraging the concept of triangular arbitrage as a means of ensuring market efficiency.