Options & currency forwards

This subject covers two tools for an uncertain future: options and currency forward rates. Start with Call Options in 9 Minutes and Put Options in 10 Minutes to learn how payoffs work at expiration. Then price options before expiry with Black-Scholes for Call Options, followed by Black-Scholes for Put Options. Currency forwards are a separate, international-finance topic: watch Forward Rates Using Interest Rates first, then Forward Rates Using Inflation, and wrap up with Forward Rates for Multiple Years.