Financial markets: master effective currency risk management using FX spot, swaps, and forwards
Sub Category
- Finance
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Objectives
- A solid understanding of the potential sources of currency risk, and basic practical skills of how to manage FX risk.
- Gain practical skills to hedge short & long foreign exchange positions from import and export transactions, as well as from investment and funding activities.
- Confidently read, interpret, and communicate FX quotes, understand settlement rules, and navigate the conventions that underpin the global currency market.
- Understand FX swaps: structure, calculation of swap points, derive FX forward rates, use swaps to bridge timing gaps between settlement dates.
- Know the fundamentals of the foreign exchange market, including its organization, key participants, products, and trading motivations
- Learn about FX swap variations, such as cross-currency interest rate swaps and basis swaps.
- ISO currency codes
- Learn currency market conventions
- The calculation of FX forward (future) exchange rates
- Cross currency interest rate swaps (CCIRS)
- Understand settlement rules
- Base and quoted currencies
Pre Requisites
- This beginner-friendly course will guide you step by step through the global currency market.
- You don’t need previous experience or knowledge.
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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