Managing the Currency Risk of Non-Dollar Portfolios
探讨了利用期货、远期和期权等货币对冲工具，将外汇风险与投资的本币价格风险分离，使管理者能根据条件灵活调整货币敞口。
With the availability of currency hedging instruments-including futures, forwards and options contracts-foreign exchange risk can be isolated from the price risk of the investment evaluated in its home (non-dollar) currency. Managers can thus choose to regulate their currency exposure as conditions dictate. At one extreme, they may choose to maintain their exchange exposure intact; at the other, they may eliminate it entirely.