The foreign exchange market is the largest market in the world, with over a trillion dollars a week flowing through the marketplace. Within this market, currency derivatives have become a prominent trading tool, with large banks, brokerages, hedge funds and trading advisors all utilising them. They are more complicated than ever, yet are integral to managing foreign exchange risk. This text deals with the foreign exchange marketplace with its increasingly complicated products. And has a compendium of 20 articles on currency derivatives, pricing theory and hedging applications.