SUBSCRIPTION FOR 1 year

In Stock

Foreign Exchange Basics

Courses Included

What you will learn:

  1. Describe the features and characteristics of spot and forward Foreign Exchange (FX)
  2. Explain the role of a market maker and end user
  3. Demonstrate how to price forward FX
  4. Apply forward FX from different client perspectives
  5. Discuss impact on FX from the credit crisis
  6. Explain and apply FX Options

US$52 per 365 days

Category:

Product Description

What is Foreign Exchange:

Every day, according to the Bank for International Settlements (BIS), four trillion dollars’ worth of currency flows through the foreign exchange market. The spot market and its dealers are at the heart of this activity. Every second of the day, the value of currencies changes, driven by global trade, investment, and speculation. This is a world where bulls and bears fight for control, where a “yard” is a billion, and “cable” is an exchange rate between two of the most active currencies.

This Foreign Exchange Course examines the fundamentals of foreign exchange, as well as the features, characteristics, applications, basics of pricing, and risks. Applications are explored for the main products, including spot, forwards, and options, as well as a wide variety of applications from different end-users vantage points, including banks, asset managers, institutional investors and speculators.

Why it is important:

This course explains the functions, products, and workings of the foreign exchange market – the most liquid capital market in the world.

The foreign exchange market has grown considerably in terms of diversity as well as depth. Perhaps its size owes a lot to the different FX markets. There are FX markets in spot rates, forward rates, FX swaps, FX options, and other FX derivatives, such as nondeliverable futures.

You will learn about how to read a simple currency quote given to a person wishing to exchange currency in preparation for a visit to a foreign country.

What you will learn:

  1. Describe the features and characteristics of spot and forward Foreign Exchange (FX)
  2. Explain the role of a market maker and end user
  3. Demonstrate how to price forward FX
  4. Apply forward FX from different client perspectives
  5. Discuss impact on FX from the credit crisis
  6. Explain and apply FX Options

Target audience:

New recruits to institutions with FX operations, risk managers, research staff, sales and marketing executives, and operations and support staff looking to further their forex product knowledge.

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