Author name: Prakhar Pankaj

I am a Chartered Accountant by profession, currently working in the Forex and Treasury sales team for ICICI Bank. My job requires constant contact with our clients and keeping them updated about their respective market segments and the economy. Over the past two years, I have derived knowledge of various forex and interedt rate heging instruments as well as a keen affinity towards the currency and interest rate market.

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Using option structures to mitigate currency risk

By / August 9, 2021

Using currency exposure can be an effective method of mitigating currency risk for an entity. The fundamental difference between options and forwards is that options provide the entity with participation in the gains if the currency pair favors the option buyer for an upfront cost (called option premium). A potential increase in favorable movement in …

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What is up with gold?

By / May 27, 2021

Gold which is denoted internationally by the symbol XAU/USD representing the dollar value of one ounce of gold is currently trading north of USD 1880. This was not the case a few months back as gold prices, just a month and a half back were trading at annual lows and touched USD 1680 mark on March 30, 2021, with further downside seeming like a forgone conclusion.