Foreign Exchange is a straightforward, rigorous and thorough introduction to the FX market. Blending theory and practice, Foreign Exchange progresses from a short history of the foreign exchange market and a description of the FX Spot Market through currency forwards and other derivatives, to FX options strategies and more exotic and complex structures - making this technical information generally accessible. This book frames the foreign exchange market in practical economic terms, so that it can be used as a primer or as a practical guide for traders, institutional investors and the banking community to make sense of today's wide variety of FX products in an ever-evolving and dynamic market environment.