Exchange Rates Arithmetic

This article is primarily intended as an introduction to the theoretical and practical aspects of Exchange Rate Arithmetic for anyone interested in how the exchange rates work and other intricacies involved with Exchange Rates.

This article is ideal for the students taking various examinations of the Institute of Bankers.

With many case studies included in this article which will prove useful to many who are actually engaged in this interesting branch of International Banking.

If you are new to this field then this article is a perfect starting point.

The article is taught in the simplest language with examples given at each and every point.