Foreign Exchange

by Bob Lyddon

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.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Understand how foreign exchange risks arise, and how they can turn into profit or loss
  • Familiarise yourself with financial contracts available for fixed exchanges of currency
  • Appreciate 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
  • Discover different types of supplier of foreign exchange service along with some specialist new entrants

About the course

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.

Look inside

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Contents

  • Foreign exchange risks
    • How risk arises
    • Purchases and sales in foreign currency
    • Disguised exposures
    • Budgets and assumed rates
  • Economics of spot and forward
    • How contracts are priced
    • Spot transactions
    • Forward contracts
    • Pips in practice
    • Future foreign exchange contracts
  • Economics of options
    • Foreign exchange options
    • Call and put options
    • The risks of options
    • Size of the option premium
    • Options vs forwards: there is no free lunch
  • Over-the-counter and exchange-traded
    • Knowing the difference
    • Over-the-counter: Advantages and drawbacks
    • Futures and options exchanges
    • Exchange-traded instruments: Advantages and drawbacks
    • Buying and selling contracts
  • Types of provider
    • Fintech
    • Specialist payment firms
    • Risks of working with specialists
    • Types of client
    • Commercial banks
    • Financial market infrastructures

Author

Bob Lyddon

An experienced management consultant both privately and with PwC.

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Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team’s needs
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Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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