| Understanding
Foreign Exchange Market
Benefits and Added Value
This program aims to equip the participants with
the main knowledge and skills needed to conduct effective transactions
in the foreign exchange market. It has the following specific
objectives;
- Describe the foreign exchange market and distinguish between
spot and forward markets.
- Read and explain foreign – currency quotations as they appear
in the wall street Journal.
- Identify profitable currency arbitrage opportunities and calculate
the profits associated with these arbitrage opportunities.
- Describe the mechanics of spot currency transactions.
- Explain how forward contracts can be used to reduce currency
risk.
Structure
- 1st Price Quotation and Cross Rates
- Price quotation in spot and forward markets
- Cross rates in spot market (bid and ask)
- Using direct quotation
- Using American quotation
- 2nd Currency Arbitrage Situations
- Pricing currencies in forward markets
- Forward market as a way of hedging risk
- Arbitrage situation in forward markets
- 3rd Currency Future Markets
- Futures Markets
- Market to market procedures
- Options
Target Participants
This program is targeting, the potential senior level accountants,
financial analysts, heads of finance departments, feasibility studies
developers, planning and control officers, and credit& investment
officers in banks and financial institutions.
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