Foreign Exchange

This course will enable you to

• Understand how foreign exchange risks arise, and how they can turn into profit or loss
• Familiarise yourself with financial contracts available for fixed exchanges of currency
• Appreciate the relationship between currency volatility and the price of options
• Advise on "over-the-counter" and "exchange-traded" modes of trading foreign exchange financial instruments for delivery in the future
• Discover different types of supplier of foreign exchange service along with some specialist new entrants

About the course

Many organisations have to deal in currencies different to their own base currency, whether this is through using foreign suppliers or accepting payment from customers overseas. Either way, this can introduce risks and complications. In order to advise your organisation and your clients, you need to understand the steps organisations can take to hedge against the risks and perhaps even reap some rewards.

This course offers a detailed insight into the world of foreign exchange. Get to grips with the risks to your organisation arising from foreign exchange and assess your options for minimising that risk. Learn about spot and forward transactions and why volatility between currencies plays a key role in determining the price of options. You'll also compare and contrast the two main modes of trading foreign exchange financial instruments for delivery in the future.