Understanding Foreign Exchange

BPP Professional Education
Course summary
6 hours
650 GBP excl. VAT

Course description

Understanding Foreign Exchange

This one-day course covers all the basic concepts and products used in the foreign exchange markets. The major uses of foreign exchange by both banks and corporations are examined with ample opportunity given to apply the concepts, as the presenter will run a number of exercises throughout the day.

Suitability - Who should attend?

This course is ideal for anyone with an interest in the FX market – whether they are working in corporate treasury, bank or any other environment where exposures to currency risk occurs.Previous attendees have come from asset management firms, investment and commercial banks, as well as non-financial corporations.In terms of job role, the course is suitable for those working in trading, sales, risk management, treasury analysts, finance, IT, legal, compliance and operations.

Training Course Content

Attending the course will enable you to:Understand conventions and ‘jargon’ used in the spot FX market.Master the pricing of forwards and evaluate alternative hedging choices for major currency pairs.Be conversant with the economic drivers of currency markets.Appreciate how option products can be used as part of either a hedging or speculating strategy.Learning outcomes include obtaining a greater understanding of:BackgroundThe development of the FX marketMarket participants and volumesThe Spot MarketHow rates are quotedMarket terminology and conventionsBid/offer spreads and making versus taking pricesCalculating cross rates from spot ratesSettlement in the FX marketEconomics and the FX marketImpact of inflation, GDP and other indicatorsForward Rate DerivationInterest rate differentialsForward Rates Application“Vanilla” hedging of future payables and receivables – outright forwardsNon-Deliverable Forwards (NDFs)FX futures. Exchange traded derivativesCurrency OptionsOption terminology and principlesHedging and speculation with optionsPay-off profilesOptions premiumStrategy overview

About provider

BPP Professional Education

BPP Professional Education -  Accountancy, Tax, Financial Services, Law & Insolvency Courses

BPP Professional Education is one of the specialist examination-based and professional development training arm of the BPP Group, Europe's biggest professional education and publishing provider with 2,000 staff members across 40 countries and over 30,000 students per year. BPP Professional Education...

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BPP Professional Education

3 London Wall Buildings
EC2M 5PD London

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