Course Outline

  • Introduction – What Is Foreign Exchange?
  • Participants in the Foreign Exchange Market
  • Spot Foreign Exchange
  • Direct And Indirect Quotation
  • Cross Rates
  • Determinants Of Exchange Rates
  • Forward Foreign Exchange
  • Deriving A Forward Foreign Exchange Rate
  • Arbitrage In The Forward Market
  • Derivatives in the Foreign exchange market – options, range forwards and futures
  • Risks and hedging techniques in the foreign exchange market

Outcomes

On completion of the program the delegate will be able to:

  • Explain The Concept Of Foreign Exchange
  • Understand The Role Of The Different Participants In The Foreign Exchange Market
  • Distinguish Between Spot And Forward Foreign Exchange
  • Calculate Direct And Indirect Exchange Rates And Cross Rates
  • Understand The Economic Influences On Foreign Exchange Rates
  • Calculate Forward Foreign Exchange Rates
  • Understand The Influence Of Other Markets On The Foreign Exchange Market
  • Understand The Risks In The Foreign Exchange Market
  • Identify And Apply Hedging Instruments In The Foreign Exchange Market