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Bekhruzbek Ochilov, ACSI
and
Bekhruzbek Ochilov, ACSI, IGCAP
In this 1-hour long project-based course, you will learn why, when, and how to hedge for the foreign exchange risk. We are going to cover forward exchange agreements, money market hedging, futures and options. This is directly important for any business owner, banker, accountant, financial manager, CFO and CEO.
Note: This course works best for learners who are based in the North America region. We're currently working on providing the same experience in other regions.
Register for this course and see more details by visiting:
OpenCourser.com/course/gd8kwt/hedging
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Develops skills and knowledge that are highly relevant to business and finance
Covers practical topics like forward exchange agreements, money market hedging, futures and options
Suitable for business owners, bankers, accountants, financial managers, CFOs and CEOs
Taught by industry experts with extensive experience in foreign exchange risk management
May be less relevant for learners outside of North America
Save this course
Save Hedging Foreign Exchange Risk to your list so you can find it easily later:
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Reviews summary
Highly variable course quality
Reviews for "Hedging Foreign Exchange Risk" are widely varied with some students finding the course to be excellent and others finding it confusing and poorly structured. Students should be aware that this course is best suited for students in North America and that it focuses primarily on transactional risk.
Focus on North America
"Note: This course works best for learners who are based in the North America region."
Focus on Transactional Risk
"Is suppose to explain all the risks and how to approach them, but it only focus on Transactional Risk..."
Variable Quality
"...I could understand better..."
Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Hedging Foreign Exchange Risk with these
activities:
Review Basic Foreign Exchange Concepts
Show steps
Ensure you have a strong foundation in foreign exchange principles before the course starts.
Browse courses on
Foreign Exchange
Show steps
-
Read articles or textbooks about foreign exchange.
-
Review your notes from previous courses or materials.
-
Take practice quizzes or exercises to test your understanding.
Review Corporate Finance by Jonathan Berk
Show steps
Familiarize yourself with the core ideas of corporate finance before class starts.
View
Corporate Finance, Global Edition
on Amazon
Show steps
-
Read Chapters 1-3 of Corporate Finance by Jonathan Berk.
-
Take notes on key concepts.
-
Complete end-of-chapter questions.
Join a Study Group for the Course
Show steps
Enhance your learning by collaborating with peers and discussing course concepts.
Show steps
-
Connect with classmates through online forums or social media.
-
Establish a regular study schedule and meeting format.
-
Share notes, ask questions, and work through problems together.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Solve Practice Problems on Foreign Exchange Risk
Show steps
Strengthen your understanding of how to manage foreign exchange risk by practicing different scenarios.
Show steps
-
Access practice problems from your course materials or online resources.
-
Attempt to solve the problems on your own.
-
Review your answers and identify any areas where you need improvement.
Attend Industry Webinars on Foreign Exchange
Show steps
Connect with professionals and gain valuable insights into the latest trends in foreign exchange.
Show steps
-
Identify industry organizations and conferences that offer webinars.
-
Register for webinars that align with your interests.
-
Participate in live Q&A sessions and engage with speakers.
Gather Resources on Foreign Exchange
Show steps
Enhance your understanding of foreign exchange by compiling relevant resources for future reference.
Show steps
-
Search for credible articles, websites, and videos on foreign exchange.
-
Organize your findings using a note-taking app or spreadsheet.
-
Include a variety of resources, covering different perspectives and levels of detail.
-
Review and update your compilation over time.
Develop a Foreign Exchange Risk Management Plan
Show steps
Apply your knowledge to a real-world scenario by creating a comprehensive plan for managing foreign exchange risk.
Show steps
-
Gather data on your company's foreign exchange exposure.
-
Identify potential risks and develop strategies to mitigate them.
-
Draft a risk management plan that outlines your strategies and procedures.
-
Review and refine your plan with input from stakeholders.
-
Implement and monitor your risk management plan.
Review Basic Foreign Exchange Concepts
Show steps
Ensure you have a strong foundation in foreign exchange principles before the course starts.
Browse courses on
Foreign Exchange
Show steps
Show steps
Show steps
- Read articles or textbooks about foreign exchange.
- Review your notes from previous courses or materials.
- Take practice quizzes or exercises to test your understanding.
Review Corporate Finance by Jonathan Berk
Show steps
Familiarize yourself with the core ideas of corporate finance before class starts.
View
Corporate Finance, Global Edition
on Amazon
Show steps
Show steps
Show steps
- Read Chapters 1-3 of Corporate Finance by Jonathan Berk.
- Take notes on key concepts.
- Complete end-of-chapter questions.
Join a Study Group for the Course
Show steps
Enhance your learning by collaborating with peers and discussing course concepts.
Show steps
Show steps
Show steps
- Connect with classmates through online forums or social media.
- Establish a regular study schedule and meeting format.
- Share notes, ask questions, and work through problems together.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Solve Practice Problems on Foreign Exchange Risk
Show steps
Strengthen your understanding of how to manage foreign exchange risk by practicing different scenarios.
Show steps
Show steps
Show steps
- Access practice problems from your course materials or online resources.
- Attempt to solve the problems on your own.
- Review your answers and identify any areas where you need improvement.
Attend Industry Webinars on Foreign Exchange
Show steps
Connect with professionals and gain valuable insights into the latest trends in foreign exchange.
Show steps
Show steps
Show steps
- Identify industry organizations and conferences that offer webinars.
- Register for webinars that align with your interests.
- Participate in live Q&A sessions and engage with speakers.
Gather Resources on Foreign Exchange
Show steps
Enhance your understanding of foreign exchange by compiling relevant resources for future reference.
Show steps
Show steps
Show steps
- Search for credible articles, websites, and videos on foreign exchange.
- Organize your findings using a note-taking app or spreadsheet.
- Include a variety of resources, covering different perspectives and levels of detail.
- Review and update your compilation over time.
Develop a Foreign Exchange Risk Management Plan
Show steps
Apply your knowledge to a real-world scenario by creating a comprehensive plan for managing foreign exchange risk.
Show steps
Show steps
Show steps
- Gather data on your company's foreign exchange exposure.
- Identify potential risks and develop strategies to mitigate them.
- Draft a risk management plan that outlines your strategies and procedures.
- Review and refine your plan with input from stakeholders.
- Implement and monitor your risk management plan.
Career center
Learners who complete Hedging Foreign Exchange Risk will develop knowledge and skills
that may be useful to these careers:
Foreign Exchange Trader
Foreign Exchange Trader
A Foreign Exchange Trader buys and sells currencies in the foreign exchange market. They make profits by exploiting differences in currency prices. The “Hedging Foreign Exchange Risk” course is particularly relevant as it provides a deep understanding of how the foreign exchange market works and how to hedge currency risk.
Portfolio Manager
Portfolio Manager
A Portfolio Manager manages large sums of money by making investment decisions. The “Hedging Foreign Exchange Risk” course will be immensely helpful in developing the skills needed to make sound judgments about currency markets and hedging strategies.
Risk Manager
Risk Manager
The Risk Manager is responsible for identifying, assessing and mitigating financial risks the company faces. The “Hedging Foreign Exchange Risk” course is particularly relevant as it provides an understanding of how to manage currency risk, which is a major source of risk for companies.
International Economist
International Economist
An International Economist analyzes economic data to understand the global economy. They provide insights on economic trends and risks. A strong understanding of foreign exchange markets and hedging is necessary for success in this role, so the “Hedging Foreign Exchange Risk” course would be beneficial.
Global Macro Strategist
Global Macro Strategist
A Global Macro Strategist develops investment strategies that take into account macroeconomic trends. They make investment decisions based on their analysis of economic data and political events. The “Hedging Foreign Exchange Risk” course provides foundational information about the foreign exchange markets, which is essential for success in this role.
Hedge Fund Manager
Hedge Fund Manager
A Hedge Fund Manager manages a portfolio of investments for a group of investors. They use a variety of investment strategies to generate high returns. The “Hedging Foreign Exchange Risk” course would be helpful in developing the skills needed to manage currency risk, which is a major concern for hedge funds.
Commercial Banker
Commercial Banker
A Commercial Banker provides various financial services to businesses, including lending, cash management, and trade finance. The “Hedging Foreign Exchange Risk” course will be helpful in developing the skills needed to provide advisory services to clients on foreign exchange risk management.
Investment Banker
Investment Banker
An Investment Banker provides advisory services to corporations and governments regarding mergers and acquisitions, capital raising and other strategic matters. A strong understanding of foreign exchange markets and hedging is essential for success in this role, so taking the “Hedging Foreign Exchange Risk” course would be beneficial.
International Business Consultant
International Business Consultant
An International Business Consultant provides advice to companies on how to expand their business internationally. They help clients with a variety of issues, including market research, strategy development, and risk management. The “Hedging Foreign Exchange Risk” course could provide helpful information about currency risk management.
Operations Manager
Operations Manager
An Operations Manager is responsible for the day-to-day operations of a business. They oversee a variety of functions, including production, inventory management, and customer service. A strong understanding of foreign exchange markets and hedging is essential for success in this role as operations may be impacted by changes in currency.
Supply Chain Manager
Supply Chain Manager
A Supply Chain Manager oversees the flow of goods and services from suppliers to customers. They are responsible for optimizing the supply chain to minimize costs and improve efficiency. The “Hedging Foreign Exchange Risk” course could provide helpful information as part of understanding and managing currency risk in the context of efficient supply chain management.
International Trade Specialist
International Trade Specialist
An International Trade Specialist advises companies on how to import and export goods and services. They help clients comply with regulations and optimize their supply chains. The “Hedging Foreign Exchange Risk” course could provide helpful information about currency risk management as part of international trade.
Financial Planner
Financial Planner
A Financial Planner provides financial advice to individuals and families. They help clients with a variety of financial planning needs, including retirement planning, investment management, and estate planning. The “Hedging Foreign Exchange Risk” course may be helpful in providing foundational information on foreign exchange risk management.
Financial Analyst
Financial Analyst
A Financial Analyst forecasts future economic and market trends based upon historical data. The “Hedging Foreign Exchange Risk” course may be useful in providing foundational information on risk management of foreign exchange.
International Tax Advisor
International Tax Advisor
An International Tax Advisor provides advice to businesses and individuals on how to comply with tax laws in different countries. They help clients minimize their tax liability and avoid legal problems. The “Hedging Foreign Exchange Risk” course may be useful in understanding the tax implications of foreign exchange transactions.
For more career information including salaries, visit:
OpenCourser.com/course/gd8kwt/hedging
Reading list
We've selected seven books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Hedging Foreign Exchange Risk.
Provides a comprehensive overview of foreign exchange risk management, covering the full range of topics covered in the course. It valuable reference tool for anyone involved in the management of foreign exchange risk.
This handbook provides a detailed examination of the foreign exchange trading process. It is an essential reference tool for anyone involved in the trading of foreign exchange.
This practical guide provides a step-by-step approach to foreign exchange trading. It is an ideal resource for anyone who wants to learn more about how to trade foreign exchange.
Save
Explores the potential risks and consequences of a currency war. It thought-provoking read for anyone who is interested in the future of the global financial system.
This accessible guide provides a concise overview of the foreign exchange market. It is an ideal resource for anyone who wants to learn more about the basics of foreign exchange trading.
Provides a comprehensive overview of the different types of interest rate swaps and other derivatives. It valuable resource for anyone who wants to learn more about the use of derivatives in risk management.
Provides an introduction to fixed income securities. It covers the different types of fixed income securities and the factors that affect their prices. It valuable resource for anyone who wants to learn more about fixed income investing.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/gd8kwt/hedging
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Time
1 hours
Via
Coursera
Institution
Coursera Project Network
Instructors
Bekhruzbek Ochilov, ACSI
Bekhruzbek Ochilov, ACSI, IGCAP
Good to know
Develops skills and knowledge that are highly relevant to business and finance
Covers practical topics like forward exchange agreements, money market hedging, futures and options
Suitable for business owners, bankers, accountants, financial managers, CFOs and CEOs
Taught by industry experts with extensive experience in foreign exchange risk management
May be less relevant for learners outside of North America
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