"A Stochastic Modeling of Exchange Rates in the Context of ALM" is a specialized book that focuses on the development and application of stochastic models for predicting exchange rates, particularly EUR/MAD and USD/MAD, within the framework of Asset-Liability Management (ALM). The author, Mohammed Bouasabah, first presents the mathematical foundations necessary for creating these models. The models are then calibrated to capture the stochastic variation of exchange rates. A key component of the work is the comparison of the two models in terms of their estimation accuracy, using error metrics such as the sum of squared errors (SSE) and the mean absolute percentage error (MAPE). The book concludes with the construction of a 95% confidence interval for future exchange rate forecasts, highlighting the relevance and applicability of the developed models.