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Foreign Exchange - eLearning



This activity is provided by accountingcpd. 

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Please note you will be directed to accountingcpd to purchase this product.

Familiarise yourself with what the complex world of foreign exchange means for your organisation. Use this course to understand how to hedge risk to protect your organisation and gain an awareness of the opportunities offered by foreign exchange.

About

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.

Upon satisfactory completion of this activity you will be able to:
  • Understand how foreign exchange risks arise, and how they can turn into profit or loss.
  • Understand financial contracts available for fixed exchanges of currency.
  • Understand 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.
  • Understand the different types of supplier of foreign exchange services along with some specialist new entrants.

Benefits:

Gain specialised skills and knowledge in foreign exchange.

EVENT DETAILS


Topic: Business Mindset

Sub-Topic: Finance Management

Format: eLearning

Proficiency Level: Foundation, Intermediate

CPD: Upto 4 hours